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 policy (a floater insurance policy) usually covers movables whose value cannot be insured by standard homeowner policies beyond a specific limit (e.g., $1000 or $2,000).

A floater 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.

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