Unscheduled Property Floater

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Unscheduled Property Floater

An insurance policy providing coverage up to a certain amount for all property of the type listed in the policy. To give a very simple example, an unscheduled property floater may cover all the lamps that a person owns without describing any particular lamp. This contrasts with a scheduled property floater, in which each piece of covered property is listed individually. As with all insurance, one must pay a premium to receive the coverage.