A floater is a type of insurance that people purchase to cover specific items that aren’t normally covered under their standard homeowner’s insurance or other type of insurance policy. By adding a floater to the policy specifying the individual item, a policyholder can get the coverage they desire for full replacement of the insured item in the case of theft, damage, or loss.
Insurance floaters typically cover one specific item. These items are usually easily moved from one location to another such as jewelry, electronics, and cameras. Policyholders who have multiple items will need to purchase floaters for each item that they want to insure. For more information on floater insurance contact a Kimberley Vassal Insurance agent today!