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WordNet-Online
Definitions from WordNet
Noun floating policy has 1 sense
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Definitions from the WebFloating PolicyDescription:A floating policy is a type of insurance policy that provides coverage for a variable amount, typically based on the insured's changing circumstances or needs. This policy offers flexibility and adjusts to reflect the current conditions of the insured's property, possessions, or situation. Sample Sentences:As a noun:1. The homeowner opted for a floating policy on their house, ensuring their coverage would adjust in case of any renovations or upgrades. 2. The company implemented a floating policy for their assets, allowing them to increase or decrease coverage based on market conditions. As an adjective:1. The insurance agent recommended a floating policy to the client, as it would provide more flexibility than a fixed coverage plan. 2. The floating policy enabled the policyholder to modify the coverage amount as their business needs changed. As a verb:1. The insurance company decided to float the policy of their long-standing clients to better align with their changing risk profiles. 2. The policyholder requested the insurance provider to float the policy as they needed higher coverage temporarily due to a specific event. Possible Related Products: | ||||
floating floating aggregators floating assets floating bridge floating dock floating dry dock floating fern floating mine floating policy floating voter floatplane floats floaty flobotomist floc flocced flocci
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