Which of the following is NOT a commonly used personal inland marine form?

Study for the PSI Property and Casualty Exam with flashcards and multiple choice questions. Each question has hints and explanations. Prepare effectively for your insurance licensing exam!

The builder's floater form is not typically classified as a personal inland marine form. Personal inland marine insurance generally covers movable or portable property and is tailored for individuals. Common types of personal inland marine forms include the personal articles floater, which provides coverage for specific high-value items such as jewelry and fine art; the scheduled personal property form, which insures personal property on a scheduled basis; and the personal effects form, which covers personal belongings typically carried while traveling.

The builder's floater, on the other hand, is designed to cover materials and equipment on construction sites. It does not fall under the category of personal property typically covered by inland marine insurance for individuals, hence distinguishing it from the other options. Understanding the specific uses and contexts of each form is essential in recognizing why the builder's floater is not included among common personal inland marine forms.

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