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floater

1 8.0

An insurance policy that covers valuable items like jewelry or cameras wherever you take them

noun
/ˈfloʊtər/

Specialized

: póliza para objetos de valor

He realized that his floater policy would compensate him for any loss of his expensive jewelry, no matter where it was lost.

Examples

One example: Ginobili came twirling into the lane before halftime, pirouetting past Denver shot-blocker JaVale McGee to finish a soft floater.

Blog text (21)
Key play: Josh Freeman threw a floater intended for Dallas Clark as Frank Alexander and Dwan Edwards pressured him.

Blog text (7)
To protect her valuable camera, she decided to purchase a floater policy that covers it anywhere she takes it.
After losing her laptop while traveling, she was relieved to find that her floater insurance would cover the replacement cost.

Synonyms

floating policy

vsfloater

Specialized

6.5

Insurance that covers valuable items like jewelry or equipment wherever they are

is the identical coverage expressed using alternative wording

Surface Forms

floater singular

floaters plural

Morphology

floater = float (opaque) = float + er

The insurance sense is a specialized jargon ('floating policy' = movable-property coverage) that is not deducible from the basic meaning of 'float' + '-er'.

Etymology

Floater comes from the verb float, which means 'to move or drift'. A helpful way to remember the insurance sense is that the policy 'floats' with your item, so it covers the thing no matter where it goes.