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Wedding Presents Floater

Definition of "Wedding presents floater"

Personal property insurance that provides all-risks coverage for wedding presents, wherever they may be in the world, until they are permanently located. Because the new owners of wedding presents may not yet have a home or a homeowners insurance policy, and because their gifts may be moved from place to place until they are settled, this policy fills a gap in coverage, but it can be purchased only for as long as 90 days following the wedding.

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