Filter by Categories
Accounting
Banking

Insurance




Personal Property Floater


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 personal property floater (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 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.



ABC
Insurance revolves around risk reduction or mitigation through transferring the risks of individuals and firms to an insurance company. Insurers take on the risk and ...
Watch on Youtube
Remember to read our privacy policy before submission of your comments or any suggestions. Please keep comments relevant, respectful, and as much concise as possible. By commenting you are required to follow our community guidelines.

Comments


    Leave Your Comment

    Your email address will not be published.*