What is floor plan merchandise in insurance?

Floor plan merchandise is a type of insurance coverage for inventory of certain kinds of business. The main reason for this type of coverage is that the amount of inventory fluctuates greatly during the year. Such as a retail jewelry store that has much higher amounts of coverage during holiday seasons. It allows them to have the coverage they need at the times that they need it. Sometimes this is also affiliated with reporting forms where the business reports the amount of their inventory usually on a monthly basis.