Insurance comes in many forms, but not all policies are created equally. If you have a large amount of valuable property that’s easily moveable, floater insurance provides a coverage solution. Learn more about this option below to determine if it’s right for your belongings.

How Does It Work?

Also known as personal articles floater and valuable items insurance, floater coverage deals with portable items that are easy to steal and often left only partially insured under homeowner's coverage. While homeowner's insurance offers some compensation for certain belongings in the event of damage, loss, or theft, adding floater coverage to your policy ensures you receive coverage based on each damaged or stolen item's current worth.

Floater insurance also typically covers damages homeowner policies don't provide, such as flood coverage. Finally, floater coverage insures items brought along during travel.

What Does It Cover?

Floater coverage protects a wide range of valuables and must be purchased separately for each item. Policyholders typically use floater insurance to cover gemstone or precious metal jewelry, fine art, and furs. They may also buy this insurance for musical instruments, rare books and manuscripts, sports equipment, cameras, and valuable collections, including stamps, coins, and wine. It's also used to cover memorabilia, such as famous and rare movie props, and anything else that's portable and valuable.

If you think floater coverage may be right for you, contact Chanler Agency, Inc. Insurance. With locations in Geneseo and Livonia, NY, this independent agency has been family-owned since 1973 and provides the Finger Lake Region with customized policy options. Call the local agents today at (585) 243-5520 to reach their Geneseo office or (585) 346-3118 for Livonia, or visit their website for more information on what they cover.