What is typically included in coverage under an installation floater?

An installation floater is designed to provide coverage for materials and equipment while they are in transit to a job site, as well as while they are being installed. The correct answer is related to the inclusion of building materials during transport. This is essential because these materials are at risk of damage or loss while being transported to the location where they will be installed.

The other options describe scenarios that do not fit the primary purpose of an installation floater. For example, tools and equipment at a job site may already be covered under a different type of insurance, and finished constructions once completed would typically fall under a standard property policy rather than an installation floater. Additionally, materials stored only on the insured’s premises usually relate to a different category of coverage and thus are not specifically covered by the installation floater. Therefore, the focus on building materials in transit aligns directly with the function of the installation floater in protecting project-related assets during their most vulnerable stages.