There is a floater (or rider or endorsement) on my renters insurance policy. What does that mean?

By

PolicyGenius Admin

PolicyGenius Admin

Blog author PolicyGenius Admin

Published April 21, 2015

Policygenius content follows strict guidelines for editorial accuracy and integrity. Learn about our

editorial standards

and how we make money.

A floater, also called a rider or endorsement, is an optional component you can add to your policy to protect property that might otherwise be excluded from coverage. Some examples would be a floater to protect jewelry, or an endorsement to raise the dollar limit for your laptop and computer equipment, or a rider to protect a valuable piece of art. Floaters cost extra, but they don't typically increase your deductible.

Fun fact: the term "floater" is used because this kind of insurance was originally created to protect property while it was being transported over water.

PolicyGenius Admin

Blog author PolicyGenius Admin