A jewellery floater is terminology for insurance that follows specified jewellery beyond a single fixed location, subject to its wording. An Australian policy may instead use terms such as listed valuables or portable contents.
The distinction that matters
A valuation establishes information about an item; it does not by itself establish worldwide cover, the settlement amount or acceptance of every cause of loss.
What to check
- Individual-item descriptions and valuations.
- Locations, travel and wearing conditions.
- Theft, accidental loss and unexplained disappearance.
- Settlement basis, excess and security requirements.
Example to discuss
For a ring taken overseas, ask about the named item, destination, period and cause of loss rather than relying only on its presence in a valuation schedule.
This is a hypothetical comparison, not a customer claim or a determination of cover.
Sources and further reading
General information only. The policy, schedule and applicable rules determine the actual position. For a personal decision, use an appropriately qualified adviser or the relevant provider.