What does Scheduled Property Floater mean? Read on to discover the definition & meaning of the term Scheduled Property Floater - to help you better understand the language used in insurance policies.
Scheduled Property Floater
A scheduled property floater is an insurance add-on that can cover certain specific or "scheduled" items for specific amounts. It is commonly used to supplement a standard homeowner's policy and extend coverage to certain personal property. This is because many standard homeowners' policies do not have scheduled coverage for a number of items in a home. Scheduled property floaters often come as separate policies or endorsements to a homeowner's policy.
We hope the you have a better understanding of the meaning of Scheduled Property Floater.