Personal Articles Insurance Floater Law and Legal Definition
Personal articles insurance floater is an insurance policy normally used to insure certain scheduled personal property on an all-risks basis. The policy is particularly appropriate for property that receives limited coverage under the homeowner’s forms, such as furs, priceless art work, expensive jewelry, silverware, cameras, musical instruments, stamp and coin collections, and similar property. Such a policy affords higher coverage limits and protects against the causes of loss not covered on a homeowner’s policy.
The term “floater” means just that; the policy “floats” or travels with your items of value. Many personal articles floater insurance program provide worldwide coverage, which means that items listed in the insurance policy can be covered wherever they are in the world
Legal Definition list
Related Legal Terms
- Accelerated Life Insurance Benefits
- Accident Insurance
- Accidental Death and Dismemberment [Insurance]
- Accidental Personal Injury
- Accommodation Line [Insurance]
- Accountable Personal Property
- Accountants Professional Liability Insurance
- Accounts Receivable Insurance
- Actio Personalis Moritur Cum Persona
- Actual Cash Value Insurance
