To cover stocks lying in various godowns in the same city or village or in different towns, villages/cities and for which the insured in not able to declare the exact value at each place separately but is sure of the total value in all the godowns. Floating policies are issued with a single sum insured covering goods at more than one locations. Only on stock in trade subject to location of each godown to be declared. The rate shall be the highest rate applicable to insured’s stock at any location with a floater extra loading of 10%. In case stocks in a process block are covered and the rate for the process block is higher than the storage rate, the process rate plus 10% loading shall apply. Kutcha construction to be ignored.