Definition of "Livestock floater"

Jamie Parker real estate agent

Written by

Jamie Parkerelite badge icon

Keller Williams Atlatta partners

Standard Commercial Property Floater form covering death or damage to livestock as the result of insured perils such as fire, lightning, explosion, smoke, wind, hail, aircraft, earth quake, theft, flood, collapse of bridges, collision, or overturn of a vehicle used in transporting the livestock from the point of destination. Some insurance companies also cover attacks by domestic or wild animals, drowning, and accidental shooting. Common exclusions include illegal acts, confiscation by the order of a government authority, loss due to quarantine, war, loss due to sleet or snow, and loss due to the acceptance by the owner of a check covered by insufficient funds.

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Insurance Terms

Procedure in which investment income is paired with each life insurance policy according to the time frame in which the premiums for that particular policy are received. ...

Time interval between the date benefits end under Social Security and the date these benefits resume. For example, survivor benefits are paid only as long as the parent (if less than age ...

Branch of knowledge dealing with the mathematics of insurance, including probabilities. It is used in ensuring that risks are carefully evaluated, that adequate premiums are charged for ...

Provision of liability policies and the liability sections of package insurance policies, such as the personal automobile policy (pap), that pay medical expenses without regard to fault. ...

Specified limit on the dollar amount of coverage for a given loss. ...

Falsification of a material fact in such a manner that, had the insurance company known the truth, it would not have insured the risk. A material misrepresentation gives an insurance ...

Agreement of two or more insurance companies to provide a product or service. ...

Monetary value of the reputation of a business. Goodwill is an intangible asset and thus may be difficult to measure. ...

Continuing on an indefinite basis. ...

Popular Insurance Questions