Texas General Lines — Property and CasualtyCommercial LinesHard
A small independent film production company is shooting a documentary. They need coverage for their cameras, lighting equipment, and sound gear while on location, in transit, and during storage. Which Inland Marine coverage form would be most appropriate for these assets?
- AElectronic Data Processing Coverage
- BContractors Equipment Floater
- CCommercial Articles Floater
- DFilm Floater
Show answer & explanationAnswer & explanation
Correct answer: D. Film Floater
The Film Floater is a specialized Inland Marine coverage specifically designed for film production companies, covering their cameras, production equipment, negatives, and sometimes even props and sets, whether on location, in transit, or in storage.
Why the other options are wrong
- A. Electronic Data Processing Coverage is for computer hardware, software, and data, not film production equipment.
- B. Contractors Equipment Floater is for tools and machinery used by contractors, not film equipment.
- C. Commercial Articles Floater covers scheduled fine art, cameras, and musical instruments, but the Film Floater is more comprehensive and tailored for a production company's specific needs.
Film Floater
An Inland Marine coverage form designed for film production companies, providing 'all-risks' coverage for cameras, lighting, sound equipment, negatives, and other production-related property while on location, in transit, or in storage.
- Specialized for motion picture and television production.
- Covers a wide range of production equipment.
- Can include coverage for negatives, videotape, and even props.
Memory trick: Film's Fantastic Flicks: Floater's Full Focus.