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Insurance Definition: FLOATER

By Compuquotes Team on March 27th, 2008

FLOATER:

Definition:

  • Attached to a homeowners policy, a floater insures movable property, covering losses wherever they may occur. Among the items often insured with a floater are expensive jewelry, musical instruments, and furs. It provides broader coverage than a regular homeowners policy for these items.

Information provided by Insurance Information Institute

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