Most coverages have gaps, even homeowners insurance. A homeowners insurance floater is additional coverage that can help close the gaps in coverage, making you less likely to have to endure hefty out-of-pocket costs. Floater insurance covers easily moveable property and typically only covers one item. Our agents at ISG Auto Insurance, LLC are here to help you sort through your options for additional coverage.
What Is a Homeowners Insurance Floater?
A homeowners insurance floater is an additional coverage option that helps cover items of high value that are not covered by your standard homeowners insurance policy. A floater assures the total value of the covered entity is replaced in the event of theft, loss or damage. Coverage needs to be obtained for each item you need coverage for; one floater policy will not insure multiple items. Be sure to discuss your coverage needs with an agent before getting started.
What Does a Homeowners Insurance Floater Cover?
A homeowners insurance floater covers a multitude of items, including:
· Fine art
· Sporting equipment
· Musical instruments
· Postage stamps
A floater insurance policy will only cover one item. If you desire coverage for more things, you may purchase additional floater policies for each item you’re seeking coverage for. It will help if you reevaluate your floater policies every couple of years to ensure the value you insured is the current value of the item you’re covering.
To learn more about a floater for your valuables, reach out to an agent to get started.
Learn More About Homeowners Insurance Floaters
Our ISG Auto Insurance, LLC agents are here to deliver quality insurance solutions to individuals like you. If you’re looking to get started with a homeowners insurance floater or have additional questions, reach out to an agent today.
This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.