Schedule Floater

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What does Schedule Floater mean? Read on to discover the definition & meaning of the term Schedule Floater - to help you better understand the language used in insurance policies.

Schedule Floater

Schedule Floater

A schedule floater is an endorsement that can be added to a homeowners or property insurance policy to provide coverage for specific items on a "schedule," or list. The property owner informs the insurance company which items they want to include in the schedule, and the insurance company calculates a premium rate for insuring those items.

More Insurance Terms And Definitions

The Merriam-Webster Dictionary defines insurance as:

a: The business of insuring persons or property.

b: Coverage by contract whereby one party undertakes to indemnify or guarantee another against loss by a specified contingency or peril.

c: The sum for which something is insured.

We hope the you have a better understanding of the meaning of Schedule Floater. If you are looking for the meanings of other important insurance terms and their definitions, just click on the letter below to find the words & concepts you are looking for:

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