A form of property insurance that covers movables or mobile items- i.e., items that are moved from a place to another by a homeowner or a tenant (renter). Examples of such items include jewelry, watches, expensive equipment, and other valuables. A floater insurance policy (or simply a floater) usually covers movables whose value cannot be insured by standard homeowner policies beyond a specific limit (e.g., $1000 or $2,000).

A floater insurance policy is typically an inland marine property insurance policy that covers personal property only within the territory or the borders of an area accounted for by the policy.

This policy is also known as a rider or a personal property floater.