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.
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Start Your QuoteDo 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
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No, there are specific policies for each valuable. You can get Floaters for fur, jewelry, fine arts, collectibles and more.
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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.
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Experience
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Health
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