What it does

IM 7100 is AAIS's Installation Floater form. Carrier filings adopt the 08 10 edition (one carrier lists it as "IM 7100 08 10 Installation Floater"), along with AAIS schedules of coverages for the installation floater (IM 7105, and IM 7106 for the reporting version). AAIS lists the Installation Floater among its construction classes. AAIS (American Association of Insurance Services) publishes this form in its Inland Marine Guide, a multistate program of inland marine forms, rules and rating procedures that AAIS member insurers adopt. AAIS numbers its inland marine forms with the IM prefix and four digits, which distinguishes them from ISO's CM and IH forms.

Who needs it

Contractors whose contracts leave them responsible for materials and equipment until the owner accepts the installation, especially subcontractors not covered by the project's builders risk policy.

Quoting and selling notes

Ask for annual installation volume, maximum value at any one jobsite, storage locations, and transit. Contractors with many jobs may prefer the reporting version. The ISO counterpart is IH 00 73.

Before presenting it

AAIS forms are available to member insurers, and carriers often add their own endorsements or edition changes. Obtain the carrier's specimen and review covered property, property not covered, exclusions, valuation, deductible and coinsurance or reporting conditions with the insured.

Related forms

IM 7000, IH 00 73.