1. How does Unscheduled All Other Floater Items coverage work in Homeowners Insurance?
What is Unscheduled All Other Floater Items Coverage?
Unscheduled All Other Floater Items coverage is an additional layer of protection added to most homeowners insurance policies. It provides coverage for possessions that might not be explicitly covered in the policy. This coverage can provide protection for the items you feel are important to you, such as items with a high sentimental or monetary value that can’t be easily replaced.
What Is Covered Under Unscheduled All Other Floater Items?
Unscheduled All Other Floater Items coverage is designed to provide protection for items that would otherwise not be covered. Generally, it covers up to a certain dollar value or percentage of a total homeowners policy for items such as:
-
- Jewelry
-
- Artwork
-
- Cameras
-
- Antiques
-
- Musical instruments
-
- Trophies
-
- Furs
- Firearms
Although these items can be covered under the property portion of your policy, the limits may not be enough to cover the full value of the item if you need to make a claim. Adding the Unscheduled All Other Floater Items coverage can increase your coverage and provide protection up to the item’s full value in the event of a claim.
What Is Not Covered?
Unscheduled All Other Floater Items coverage typically does not cover items such as electronics and devices, including:
-
- Televisions
-
- Computers
-
- Cell phones
-
- Speakers
- Gaming systems
These items typically have coverage under the personal property section of homeowners insurance and are excluded from the Unscheduled All Other Floater Items coverage.
How Does Unscheduled All Other Floater Items Coverage Work?
In order to add the Unscheduled All Other Floater Items coverage, you must list each individual item you want to insure separately. Your agent or provider can help you fill out the necessary forms and help in determining the value of the items. Unscheduled All Other Floater Items coverage also requires that you obtain and keep an appraisal of the items and pay an additional premium for each item you wish to cover.
If you need to make a claim, you will be required to submit a copy of the appraisal to your insurer. Your insurer will then determine if the item is covered and will provide compensation based on the amount specified in the appraisal.
Conclusion
Unscheduled All Other Floater Items coverage can provide additional coverage for items outside of your normal homeowners insurance coverage. This can help to protect items that have a large sentimental or monetary value. Speak with your homeowners insurance provider to see if Unscheduled All Other Floater Items coverage is available for you.