Where does an Installation Floater NOT cover property?

An Installation Floater is designed to cover property that is intended for installation at a specific job site. However, it does not extend its coverage to property that is simply waiting to be picked up at a warehouse. This scenario presents a situation where the property is still under the control of the seller and has not yet begun the journey toward its intended location for installation.

In contrast, when the property is in transit to the job site or awaiting installation at that site, it is covered under this policy as it is in the process of being moved or positioned for installation, which is the primary purpose of the Installation Floater. Additionally, during the installation process, coverage is provided until the property is accepted or ownership shifts away from the insured. Thus, it is clear that the insurer does not provide coverage while the property remains in the warehouse, as it is not yet in line with its intended purpose of installation.