An Installation Floater does not cover property at which location?

An Installation Floater is specifically designed to provide coverage for property while it is in the process of being installed or while it is awaiting installation at the job site. This type of insurance protects property against risks such as damage or loss during those critical phases of a project.

The correct context for the answer lies in understanding the scope of coverage provided by an Installation Floater. Coverage while in transit to the job site is generally not included under this type of policy because it is designed to protect items once they arrive and are staged for installation. Transit risks are typically addressed under a separate marine or cargo insurance policy, which is specifically focused on the transportation of goods.

Conversely, assets awaiting installation at the job site or during the installation process are covered under the Installation Floater, as these phases are integral to the purpose of the policy. Coverage ceases only when the interest of the insured in the property ends, which typically occurs upon acceptance of the installation.

Waiting for pickup at the warehouse does not fall under the coverage provided by the Installation Floater either, as this situation is also generally covered under different policy types focused on storage or transportation.