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The term, "floater" generally refers to a policy that is issued to cover specific, high value items.
Ordinarily, a homeowners policy, for example, provides only a fixed and limited amount of coverage for all jewelry, and a lower amount for any particular item of jewelry. If you have an item that is worth more than the item limit of the policy, you can insure it for its full value by insuring it on a floater. You will pay a separate premium for that policy, and it may be issued by a different insurer.
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Can you get a print out of your life insurance policy?
Yes, your agent or the insurance company can provide with a copy of your insurance policy.
How can you find a life insurance policy if you have insurance company name and policy number?
You can call the insurance company and provide your policy number, and they can provide any details on your policy, or send a duplicate policy if the original was lost.
How do you collect on old insurance policy?
There are many different kinds of insurance policies. Read the policy and find out what the terms of the policy are.
HOW TO FIND OUT IF AN INSURANCE POLICY WAS PAID OUT?
You can contact the insurance company for a status paper of the policy to find out whether the policy was paid out or not.
What is the cash value in an insurance policy mean?
The cash value is the amount of money your insurance policy is worth to the owner of the policy if the insurance is cancelled and the policy terminated. The insurance company will mail a check to the to the policy owner upon policy termination or cancellation by request of the owner. I would strongly encourage you to consult a professional in your area before cancelling an existing policy. There may be other options and alternatives to access the value of the policy without cancelling the insurance policy.
You made a claim on insurance for a lost ring and later found it?
You would need to inform the insurance company and reimburse them for the amount paid or give them the ring, your choice. If you don't inform them you are guilty of insurance fraud. This claim would have to be for a scheduled jewelry floater or payment would not have been made. The floater is the only policy that will pay for mysterious disappearance. A normal Homeowners policy without the floater would require proof of break-in to be theft. The floater also has no deductible usually. It does require appraisals of the items covered.
What does a commercial insurance floater cover?
A "floater" is typically an insurance endorsement that covers tools and/or materials while they are away from the business. For example, an air conditioning contractor might want a personal tool "floater" so that his tools on the job site are insured. A contractor building a house might want a tool "floater" and a material "floater" to cover tools and materials at the construction site. Typically a commercial property policy covers tools and materials ONLY if they are within 100 feet of the business location at the time of the loss.
Difference between Fixed and floater medical policy?
the main differences between fixed and floater rigs
How do multiple loss claims on a personal articles policy for jewelry affect this policy and your Auto and homeowners?
Multiple losses on any policy will guarantee a cancellation. A cancellation on a home insurance policy will pretty much guarantee that you will not get another homeowners policy at anything close to a reasonable rate. Also, you can be assured that no company will allow you to purchase jewelry floater policy either. I hope your state has an insurance pool for those who can't buy insurance in the private sector.
Can a mechanic get insurance on his tools?
Yes you can. Go to your preferred Insurance Co., and tell them you want to insure your mechanical tools. If you don't have your own business the Insurance Co., will usually put what's called a "floater" on your home insurance. If you are living in an apartment you should have insurance on contents ONLY, so the Insurance Co., can add a floater to your insurance policy as well, but it will cost you extra. NOTE: Please mark ALL TOOLS (expensive one) will "your mark" in an inconspicuous place. It makes it easier for the police to identify stolen goods.
Will homeowners insurance cover a lost wedding ring at the lake you have a jewelry floater and have Farmers insurance?
If the ring is a scheduled item on your jewelry floater it would be covered subject to applicable limits and deductibles.
What is the coinsurance requirement for the theatrical property floater under an inland marine policy?
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Will homeowners insurance cover a lost wedding ring at the lake-I have a jewelry floater and have Farmers insurance?
Contact your Agent and he or she can advise you.
Who is an insurance subscriber for medical insurance?
A common question that concerns a lot of people is whether they should go for individual health insurance plans for each of the family members or go for a single family floater plan for the entire family. Under a family floater plan, the entire family shares a common pool. A family floater plan provides cover to the entire family to the extent of Sum Insured. For Compare : goo.gl/qyE1Dl
What is composite insurance policy?
It is a composite insurance policy(:
What is the executor on a life insurance policy?
The Policy Holder of a life insurance policy is the executor of the said policy.
Is your lost ring covered by your insurance?
It depends somewhat on your insurance policy. Generally if you had the ring listed on a jewelry floater attached to your homeowners policy then it would be covered without a deductible. To do this you would have had to supply the company with an appraisal with a full description of the item and a dollar amount that it is valued at. You also would pay a small additional premium. This type of floater add coverage for "mysterious disappearance" which means it's covered if you just loose it say in a bathroom when you take it off to wash your hands and its gone. This would not be covered on a normal homeowners policy unless there was evidence of break-in and theft. This is advised for large value pieces of jewelry, art, coin collections, guns, and other high value items that have a limit on your regular policy.
