In the renters insurance industry, a floater policy provides additional coverage options for the possessions in your home that are excluded on your standard policy, such as
certain types of jewelry, electronics or antiques.
Not exact matches
For instance, standard coverage typically limits coverage for
certain types of valuable belongings like
jewelry and furs, the III says.
However, renters insurance policies usually include sub-limits for
certain types of items, such as
jewelry.
On the other hand, there may be other risks coupled with
certain types of investment, for example, being cheated as in the case
of many Chit Funds, the risk
of theft in the case
of jewelry etc..
You may find that
certain types of belongings, such as
jewelry or a coin collection, have limited coverage under a standard policy.
Under this
type of Homeowners policies for renters you can confront property limitations on
certain items, such as
jewelry, silverware, gold, money, securities, and business property.
However, renters insurance policies usually include sub-limits for
certain types of items, such as
jewelry.
Standard - issue home insurance policies do not cover all
types of property, and may restrict payments for
certain losses — stolen
jewelry reimbursement, for example, may be limited to $ 1,500 regardless
of the item's replacement cost.
Certain types of personal belongings like
jewelry, art, antiques and electronics have specific exclusions built into basic renters policies.
You should also be aware there are policy limits that can apply to
certain specialty possessions such as art, electronics,
jewelry and collectables, so you may have to buy a special rider or extra coverage for these
types of possessions to insure their total value.
The amount
of coverage for personal property may be limited on
certain types of high - value items, such as
jewelry or artwork, unless additional coverage is purchased for these items.