The American Association of Insurance Services (AAIS) is adding an equipment sales and rental coverage class to its inland marine guide, which is a resource of forms, rating procedures, underwriting guidelines, and other information for the traditionally nonfiled classes of inland marine insurance.

The equipment sales and rental class features a base form that provides open perils coverage for agricultural, construction, and other kinds of mobile equipment held for sale or rental and described on a schedule. Coverage is also provided for parts and accessories, for equipment of others the insured is servicing, and for loss to rented equipment when the lessee fails to meet obligations to insure it.

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