The property covered on the Equipment Floater might range from simple hand tools to large cranes. Almost any type of mobile equipment or tool can be insured under this type of policy. The equipment can be used to build homes, commercial buildings, roads, tunnels, bridges, or any other type of structure. Coverage is provided for direct physical loss of the equipment, and rental reimbursement coverage can be added to cover the cost of renting replacement equipment if the covered equipment is out of service due to a covered loss.