Insurance cover for situations where the total insurable amount can be reasonably estimated but cannot be determined accurately-enough for computing correct premium, until the insurance policy comes to an end. For example, a trader will take a floating policy on a sum estimated to
a type of insurance in which the value of the goods being insured cannot be calculated exactly, so the payment for insuring them can be changed after a period of time. a type of insurance that protects property or goods in any place and while they are being moved from one place to another.
(in marine insurance) a policy that provides protection of a broad nature for shipments of merchandise and that is valid continuously until canceled. Is It Time For All Couples To Use The Term Partner? (in marine insurance) a policy covering loss of or damage to specified goods
floating policy in British. noun. 1. (in marine insurance) a policy covering loss of or damage to specified goods irrespective of the ship in which they are consigned.
floating policy. n. 1. ( Insurance) (in marine insurance) a policy covering loss of or damage to specified goods irrespective of the ship in which they are consigned. 2. (
Definition of FLOATING POLICY: Insurance for instance of uncertain cost that cannot be calculated. The premuim charges are computed based on the end of the
Floating Policy. Specifies the amount of coverage without or before determining the specific ship, port of departure, length of time or port of delivery. Used to
Floater insurance is a type of insurance policy that covers property that is easily movable and provides additional coverage over what normal
In the event that one or more claims exceed these primary/underlying limits, the limit of the floating excess policy can be applied in any combination—up to the
The availability of a wide array of marine insurance policies gives a Floating Policy: A marine insurance policy where only the amount of