What does Floater mean? Read on to discover the definition & meaning of the term Floater - to help you better understand the language used in insurance policies.
A floater refers to an insurance policy that covers property that is easy to move. These policies typically provide additional coverage beyond the coverage already provided by normal insurance policies. In many cases, floater insurance covers various personal belongings such as jewelry, expensive stereo equipment, surgical equipment, agricultural equipment, etc.
We hope the you have a better understanding of the meaning of Floater.