ACORD Forms
ACORD 146: Equipment Floater Section
The ACORD 146 is the equipment floater section of the commercial inland marine application. It schedules the movable equipment a business takes from site to site: excavators, skid steers, generators, tools, anything that earns its keep where the job is instead of where the office is. It attaches to the ACORD 125 as part of a commercial submission.
What it is
The ACORD 146 is the equipment floater section of the commercial inland marine application. It schedules the movable equipment a business takes from site to site: excavators, skid steers, generators, tools, anything that earns its keep where the job is instead of where the office is. It attaches to the ACORD 125 as part of a commercial submission.
The heart of the form is the split between scheduled and unscheduled equipment. Scheduled items are listed individually with their own values. Unscheduled coverage is a blanket for the small stuff. Getting each item on the right side of that line is most of the work, and most of the claim disputes.
When it's used
- Contractors equipment submissions for construction and trades accounts with owned or leased machinery.
- Any account with mobile equipment a property policy will not follow off premises: landscapers, riggers, equipment rental operations.
- Renewals where the fleet changed: new purchases, sold units, or leased equipment picked up mid term.
Section-by-section walkthrough
Named insured and policy information
The first named insured and basic policy details, matching the attached ACORD 125.
Coverage details
The equipment floater coverage requested, with limits and deductibles.
Watch for: Deductibles chosen without looking at the smallest scheduled items. A deductible larger than half the schedule makes those listings decorative.
Scheduled equipment
Each listed item with description, manufacturer, model, serial number, purchase date, and value.
Watch for: Missing serial numbers. At claim time the serial number is how anyone proves which machine was stolen from the yard.
Unscheduled equipment
Blanket limits for the smaller tools and gear not worth listing individually.
Watch for: High value items hiding in the blanket. Unscheduled coverage usually carries a per item cap, and an excavator does not fit under it.
Equipment storage
Where units live when they are not working: yards, shops, job sites, and how they are secured.
Watch for: Describing the main yard when half the fleet overnights on job sites.
Additional interests
Lenders and lessors with an interest in specific units.
Watch for: Leased equipment listed with no lessor noted. The leasing company's interest belongs on the form, and they will ask for proof of it.
General information
The underwriting questions about how equipment is used, maintained, rented, or loaned.
Watch for: Skipping the rental questions. Equipment rented to others or borrowed from others changes the exposure and the coverage needed.
Remarks
Context that helps the underwriter: security measures, GPS tracking, how the schedule was valued.
In Relay
ACORD Generation is live in Relay. It drafts the ACORD 146 from the client record and the documents you already have, and a person reviews every field before anything goes out. See how →
Common errors
- Schedules copied from the expiring policy. Sold units stay on, new purchases stay off, and both the premium and the coverage are wrong.
- Missing serial numbers on scheduled items.
- Leased and rented equipment left off because nobody asked who owns what on the job site.
- Values entered without deciding whether the schedule is replacement cost or what was paid years ago.
- Big-ticket items buried in the unscheduled blanket where per item caps will not cover them.
Common questions
What belongs on the ACORD 146 versus the ACORD 140?
The 140 covers property at the premises. The 146 covers equipment that moves: machinery and tools that work at job sites. If it leaves the yard to earn money, it usually belongs on the floater.
Should every item be scheduled?
No. Scheduled coverage fits high value units that deserve individual limits and descriptions. The unscheduled blanket handles small tools. The dividing line varies by carrier, so check where the per item cap sits before deciding what to list.
Can Relay turn an equipment list into an ACORD form?
Document Parsing is live and reads equipment schedules from spreadsheets and PDFs into structured data. ACORD Generation drafts the forms from that record, and a person reviews everything before it goes out.
Related forms
Part of the Relay ACORD form library. Updated 2026-07-11. See how we source content.
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