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
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.
