Which of the following best describes a Commercial Property floater?

• A. Covers building, contents, and inventory.
• B. Covers contents, newly acquired and in transit property.
• C. Covers building, newly acquired and in transit property.
• D. Covers none of the above.

Answer: (B)

A Commercial Property floater covers movable property that isn’t fixed to a building—things like contents, equipment, and inventory that can be in a vehicle, at a job site, or newly acquired and awaiting placement. This type of coverage supplements a standard property policy by extending protection to items that move or aren’t permanently attached.

The best description is the one that covers contents, newly acquired, and in transit property. That combination captures the core purpose: protect the items the business owns that can be moved or temporarily located elsewhere, including those recently purchased. It does not cover the building itself, since buildings are fixed structures typically insured under a different form.