ACORD 146: Equipment Floater Section
ACORD 146 is the Equipment Floater Section. It organizes movable equipment, requested coverage, storage and use information, and relevant additional interests.
What it is
ACORD 146 is the Equipment Floater Section. It organizes movable equipment, requested coverage, storage and use information, and relevant additional interests.
Work from the current equipment list and ownership or lease records. Identify which items the market wants individually scheduled and how it treats unscheduled tools, rented equipment, and equipment used away from the main premises.
When it's used
- A market requests an equipment floater application section.
- The equipment list has changed since the current policy was written.
- A business needs owned, leased, rented, and unscheduled equipment distinguished.
Section-by-section walkthrough
Named insured and policy information
The first named insured and basic policy details, matching the attached ACORD 125.
Review check: Match the commercial account.
Coverage details
The equipment floater coverage requested, with limits and deductibles.
Review check: Choose limits and deductibles intentionally.
Scheduled equipment
Each listed item with description, manufacturer, model, serial number, purchase date, and value.
Review check: Verify descriptions, serials, and values.
Unscheduled equipment
The requested limits and details for equipment the market treats as unscheduled, including any individual-item constraints.
Review check: Confirm unscheduled and individual-item treatment.
Equipment storage
Where units live when they are not working: yards, shops, job sites, and how they are secured.
Review check: Describe actual storage locations and security.
Additional interests
Lenders and lessors with an interest in specific units.
Review check: Connect lenders and lessors to the relevant equipment.
General information
The underwriting questions about how equipment is used, maintained, rented, or loaned.
Review check: Disclose rental, loan, and use arrangements.
Remarks
Context that helps the underwriter: security measures, GPS tracking, how the schedule was valued.
Review check: Explain value sources and material operational details.
In Relay
Relay can prepare supported ACORD drafts from the documents you provide. This reference guide explains ACORD 146; it is not a promise that this form or edition is available in your workspace. Check the supported form, then review the fields and missing answers before use. See how →
Common errors
- Missing new equipment or retaining sold units.
- Confusing purchase cost with the valuation requested.
- Assuming a blanket category includes every high-value item.
Common questions
Should every piece of equipment be scheduled?
Follow the market's rules and proposed policy. Confirm individual-item limits, unscheduled treatment, and the details required for each category.
What should we collect before drafting?
Bring descriptions, serial numbers, current values and their basis, ownership or lease details, use, storage, and the existing schedule. Mark uncertain values for review.
Related forms
Form references
Confirm the form edition and requirements with the market receiving the submission.
Part of the Relay ACORD form library. Updated 2026-07-11. See how we source content.
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