Because it covers property that "floats" (moves from one place to another). Usually, a standard Property policy covers your physical space and the things in it.
844-863-5950
844-863-5950
A Floater covers movable expensive items that your regular policy doesn't:
Personal articles that belong to your employees and end up stolen.
Property you've sold to a buyer who's making monthly payments to you (but could stop if something goes wrong).
Intstallation of property in someone's home or business that may be damaged or stolen before your work is completed.
Mylo's licensed advisors help you compare a wide range of affordable policies from top providers – and make the best decision for your business.
Because it covers property that "floats" (moves from one place to another). Usually, a standard Property policy covers your physical space and the things in it.
It's a good idea if you regularly take expensive equipment outside (like a photographer on a shoot) or perform installation work at someone else's location – where your equipment or the property you're installing could get damaged.
Let's say you sold your industrial laser to someone who's making monthly payments to you but then wrecks the property and says the deal's off. An Installment Sales Floater reimburses what you're still owed.
A Floater isn't something to run from if you're talking about insurance!
It's a policy that provides additional coverage for items that are easily movable or recently sold. There are specific Floaters for individuals and businesses – and they're usually very affordable.
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