Mike Petruccelli says its an Inland Marine Coverage from which insurers against loss the insured suffers because of an inability to collect from customers when accounts receivable records are damaged.
A type of policy limit found in liability policies which limits coverage to a specified total amount for all losses occurring within the policy period.
A personal Inland Marine policy has specific property floaters…
1. Cameras
2. Fine arts
3. Golfers equipment
4. Jewelry and furs
5. Musical instruments
6. Stamp and coin collections
7. Silverware
Home owners policies have internal limits or exceptions on personal items. This well call for a spacific property floater.
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