An inland marine form covering movable property wherever located within territorial limits.
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UK: An item on moveable property with a sum insured that moves with the goods to wherever the property is located within a range of locations. The item ‘tops up’ sums insured designated to specific locations when those sums insured become temporarily inadequate. The floater is subject to the two conditions of average and assists an insured whose distribution of goods across premises varies over time. See FLOATING POLICY.
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Property Insurance on moveable property, whatever its location within the territorial limits of the Policy. The coverage “floats” with the property. Generally there is a territorial limit and coverage is provided at any location within that territory.