Floater Insurance

Floater Insurance

An insurance policy, or an addition to another insurance policy, that covers personal property deemed to be easily movable. That is, floater insurance reimburses the owner if easily movable property is lost, damaged, or destroyed. Examples of easily movable property include electronics, jewelry, and perhaps furniture. Floater insurance usually covers only the specific property named in the policy; for example one must purchase separate floater insurance policies for the couch, the love seat, and the dining room table.
References in periodicals archive ?
Tenders are invited for Floater insurance of inventory lying at different Dedicated Divisional Stores &Workshops in HVPNL for Burglary, Fire, Flood, Special Perils including STFI and Earthquakes for one year w.
We begin with the story of an insured who has purchased, for the first time in his life, a policy of personal articles floater Insurance (PAF) scheduling $125,000 worth of ladies' jewelry.
Tenders are invited for e-tender for group family floater insurance and personal accident insurance policy.
An installation floater insurance policy is required for this project and must be included in bid price.