Scheduled Property Floater

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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

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.

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.

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