What do Commercial Property Floaters protect?

Commercial Property Floaters are designed to provide coverage for property that is not confined to a fixed location. This type of insurance is particularly valuable for businesses that frequently transport goods or equipment, such as contractors or retailers, allowing for protection regardless of where those items are physically located at any given time.

The nature of floaters recognizes the dynamic and mobile nature of certain business assets, covering items such as tools, inventory, or equipment that might be used on different job sites or stored temporarily in various locations.

In contrast, a fixed location coverage would only address items stored in specific physical locations, which does not effectively cover the broader risk profile for businesses with movable property. The other options, including only flood damage and residential property, do not align with the purpose of floaters, which specifically address the need for flexible coverage based on the movement and temporary storage of commercial assets.