Floater

9 months ago

Insurance Glossary Team

1 minute

Plain English Definition: A floater is an insurance policy that covers movable or specialized items that may not be covered by a standard policy.

What Floater really means for someone with an insurance policy

If you have valuable items like jewelry or electronics that you frequently take with you, a floater ensures those items are protected, even when they are away from your home.

Floater Real World Examples

Adding a jewelry floater to your homeowners insurance for an engagement ring.
Insuring expensive photography equipment used in different locations.
Coverage for a collectible watch while traveling abroad.