floating policy (Meaning)
floating policy (n)
an insurance policy covering loss of movable property (e.g. jewelry) regardless of its location
Synonyms & Antonyms of floating policy
No Synonyms and anytonyms found
floating policy Sentence Examples
- A floating policy is a type of insurance policy that provides coverage for property that is constantly changing in location or value.
- Floating policies are often used to insure inventory, equipment, or vehicles that are frequently moved from one location to another.
- The premium for a floating policy is typically based on the total value of the property covered, as well as the type of property and the risk of loss.
- Floating policies can be written on a blanket basis, which means that all of the property covered is insured for the same amount, or on a specific basis, which means that each item of property is insured for a different amount.
- Floating policies can be endorsed to cover additional perils, such as theft, vandalism, or flood damage.
- Floating policies are often used by businesses that have multiple locations or that frequently transport goods or equipment from one location to another.
- Floating policies can also be used to insure personal property, such as jewelry, artwork, or rare coins.
- Floating policies are a convenient and affordable way to protect your property from loss or damage.
- When selecting a floating policy, it is imperative to work with an experienced insurance agent who can help you determine the appropriate coverage limits and ensure that you are adequately protected.
- Floating policies can provide peace of mind knowing that your property is protected, no matter where it is located.
FAQs About the word floating policy
an insurance policy covering loss of movable property (e.g. jewelry) regardless of its location
No synonyms found.
No antonyms found.
A floating policy is a type of insurance policy that provides coverage for property that is constantly changing in location or value.
Floating policies are often used to insure inventory, equipment, or vehicles that are frequently moved from one location to another.
The premium for a floating policy is typically based on the total value of the property covered, as well as the type of property and the risk of loss.
Floating policies can be written on a blanket basis, which means that all of the property covered is insured for the same amount, or on a specific basis, which means that each item of property is insured for a different amount.
