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.
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.
We hope the you have a better understanding of the meaning of Schedule Floater.