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.
Do you take valuables outside your home?
You may need a Floater - and Mylo makes it easy! A home insurance Floater is an affordable extra policy for movable items like:
- Fur, jewelry and other items that may be lost or stolen outside your home. Replaces full value – including a pair of earrings if one is lost.
- Wedding presents that are being transported from your reception (congrats, by the way!) to your home.
- Installment sales of personal property to a buyer who's making monthly payments to you ... but might stop if something goes wrong.
There are other types of Floaters that may be right for you.
Mylo's licensed advisors help you compare a wide range of affordable policies from top providers – and make the best decision for your family.
Fast facts about home insurance floaters
No, there are specific policies for each valuable. You can get Floaters for fur, jewelry, fine arts, collectibles and more.
Let’s say you sold your car, boat or home to someone who’s making monthly payments to you – then wrecks the property and announces the deal’s off. This floater will reimburse what you’re still owed.
Mylo dejargonizes "Floaters"
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.Read More
Top 3 reasons to choose Mylo
We're part of Lockton, the world’s largest independent insurance broker, connecting people to top-rated plans for 50+ years. We're pros at knowing what your business needs.
Our friendly licensed agents screen top-rated plans from the most trusted providers around – and guide you to the best combo of comprehensive coverage and affordable price.
You save serious time and effort by comparing a wide range of plans tailored to you in one convenient place. Call us to see how surprisingly easy it can be!
More easy ways to protect what matters
Get customized advice on coverage tailored to you. Only pay for what you need (nothing more, nothing less).
However you roll, Mylo protects your vehicle … with a special discount for bundling auto and home coverage together.
Whether house or condo, protect your castle by letting Mylo’s experts guide you to a sweet home insurance plan.
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