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Glite Dictionary
floating policy

floating policy

6.5
Insurance that covers valuable items like jewelry or equipment wherever they are
  • noun
  • /ˈfloʊtɪŋ ˈpɑlɪsi/
  • Specialized
translation icon : póliza flotante
  • Unlike a standard fire insurance policy, a floating policy protects items wherever they are located.

Examples

  • She took out a floating policy to insure her valuable antiques no matter where they were kept.

  • A floating policy provides coverage for jewelry and art no matter where they are in the world.

  • A floating policy is ideal for travelers who own expensive jewelry or equipment.

  • I purchased a floating policy for my jewelry.

  • Do you have a floating policy for your valuable items?

  • With a floating policy, you can ensure that your high-value items are protected at all times.

  • Many people choose a floating policy to cover their prized possessions while traveling.

Synonyms

floater
vsfloating policy
  • Specialized
1 8.0

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

is identical in meaning but uses a longer formal phrasing

Surface Forms

floating policy singular
floating policies plural

Morphology

floating + policy

The meaning 'an insurance policy for movable property' is directly and compositionally derived from 'floating' (movable, not fixed) + 'policy' (insurance certificate). Although somewhat technical, the sense follows standard noun-noun composition and is inferable by a B1 learner who knows the constituent meanings; similar formulations exist cross-linguistically in insurance vocabularies.

Etymology

The noun floating policy comes from the image of insurance that 'floats' with your things: floating suggests moving from place to place and policy is the insurance that follows them. That's why a floating policy 'covers movable items' like jewelry or equipment no matter where they are.