Vocab Bloom Hub

floating policy

/ˈfləʊtɪŋ ˈpɒlɪsi/

1 entry

phrase

/ˈfləʊtɪŋ ˈpɒlɪsi/C1formalbusiness
  • ruСтраховой полис, который обеспечивает покрытие товаров или имущества, не закреплённых в одном месте, часто используемый для перевозок или движимых активов, с периодическим объявлением стоимости и деталей.

An insurance policy that provides coverage for goods or property that are not fixed in one location, often used for shipments or movable assets, with the value and details declared periodically.

  1. Insurance policy for variable assetsC1formal

    A type of insurance policy that covers goods or property whose value or location changes over time, such as inventory or cargo.

    ruПлавающий полис

    • The company took out a floating policy to cover its warehouse stock.
    • A floating policy is ideal for businesses with fluctuating inventory levels.
    • The shipping firm uses a floating policy for its cargo shipments.