What type of property is covered under the AAIS Installation Floater?

The correct answer pertains to the coverage provided by the AAIS Installation Floater, which is designed to protect specific types of property while they are in transit or at a designated job site. This type of policy is particularly relevant for contractors as it covers materials and equipment that are temporarily stored off-site, often at a location away from the insured's primary business premises.

The AAIS Installation Floater typically covers items that will become a permanent part of a structure, including machinery or other equipment that might be awaiting installation. As it is focused on construction projects or installations, the coverage ensures that these materials are protected against various risks during the installation phase, even when stored at an external site.

The other options do not align with the specific coverage intended by the AAIS Installation Floater. Contraband materials are excluded from coverage under most insurance policies due to their illegal nature. Tree and plant materials are often covered under different types of policies that specifically address agricultural or landscaping concerns, not typically under an installation floater. Waterborne property generally refers to items that are on watercraft or in transit by water, which again falls outside the scope of an installation floater, as it is not primarily concerned with transport by water or items related to maritime exposure.