Which item is covered under the Camera and Musical Instruments Dealers floater?

The Camera and Musical Instruments Dealers floater is designed to cover inventory and equipment specifically related to the business of selling and repairing cameras and musical instruments. This includes items that are in the custody of the dealer, such as a customer's camera that is in for repairs. When a customer entrusts their equipment to a dealer, that camera remains the property of the customer but is under the care of the dealer, making it susceptible to risks covered under this type of floater.

On the other hand, items such as instruments sold to customers are no longer under the dealer's ownership and therefore would not be covered, as the insurance typically applies to the stock the dealer possesses and not items that have been sold. Office supplies, while necessary for the operation of a music store, do not fall under the category of cameras or musical instruments and are generally considered common business expenses that are typically covered by a general business policy rather than a specialized floater. Money on premises does not relate to the specific assets covered under this floater and would also be handled under different insurance provisions.

Thus, the coverage of a customer’s camera for repair is aligned with the intent of the Camera and Musical Instruments Dealers floater, making it the appropriate answer.