Contractors Equipment Floater


Definition of "Contractors equipment floater"

Form of marine insurance that covers mobile equipment of a contractor, including road building machinery, steam shovels, hoists, and derricks used on the job by builders of structures, roads, bridges, dams, tunnels, and mines. Coverage is provided on a specified peril or an all risks basis, subject to exclusions of wear and tear, work, and nuclear disaster.

Have a question or comment? We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 

Search Real Estate Terms

 

Popular Real Estate Terms

Equipment Floaters Insurance

Coverage for property that moves from location to location from the perils of fire, lightning, explosion, windstorm, earthquake, collapse of bridges, ...

Contractors Equipment Insurance

Same as term Contractors Equipment Floater: form of marine insurance that covers mobile equipment of a contractor, including road building machinery, ...

Modification Rating

(also known as merit rating) method of setting property insurance rates by modifying or adjusting the manual rate for various classifications of risks ...

Cede

To transfer a risk from an insurance company to a reinsurance company. ...

Block Of Policies

Total number of insurance policies underwritten and issued by the insurance company that uses the same policy forms and rates. ...

Placed Business

Delivered insurance policy to the policyholder in which the policy's first premium has been paid, the application has been reviewed, and all policy pa ...

Popular Real Estate FAQ

What Do I Need To Know About Auto Insurance?

Choosing the auto insurance requires consideration of manyfactors- Take into account everything you own and the reasons to protect them. The year of ...

What Do I Need To Know About Motorcycle Insurance?

You need an insurance policy that is tailored in your needs in mind. Take liability for example. Guest passenger liability helps protect you bodily in ...

What Do I Need To Know About RV Insurance?

Your motor home can be both your transportation and your home away from home. So like your auto and your home, you need to safeguard it with the prope ...

What Should I Do If I'm In An Accident?

1.- Stay Calm. Determine the injuries and or damage. 2.- Call the police. File an accident report and obtain medical assistance if needed. 3.- L ...

What Do I Need To Know About Watercraft Insurance?

You need separate coverage for the variety of risks you face when storing, launching, hauling or running your seaworthy vessel. Boats, and other water ...

How Do I File An Insurance Claim?

Call your Insurance agent or Insurance Company \"Claims Hotline\" as soon as possible. Getting your agent\'s help, may speed things along. ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

5 U.S. Cities with the Best Public Transportation Getting Ready to Sell? Don't make these DIY Mistakes! LISTINGS 101: What You Need To Know When You Hire a Real Estate Agent or a Broker What is Escrow and how does it Work? 10 Real Estate Tips for Homebuyers

FAQ

What is a subprime mortgage? What is a CD? What is an amortization? What is a FHA mortgage? What do I need to know about Whole Life Insurance?