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.

The form includes two options for providing the principal property coverage:

Recommended For You

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.