Street Clock Floater

What Does Street Clock Floater Mean?

A street clock floater is an insurance endorsement that offers protection for an outdoor clock. Unless specific risks are excluded from the policy, the floater provides coverage against all risks, including theft, damage during transit, and vandalism. Businesses with valuable clocks attached to their buildings or located on their premises often choose this coverage to safeguard their assets. If you own a small business and haven’t looked at how individual endorsements fit into your overall plan, it’s worth reviewing what business insurance typically covers before adding specialty floaters.

Insuranceopedia Explains Street Clock Floater

Floaters are supplemental additions to homeowners or business property insurance policies that provide coverage for items not fully covered under the standard policy, typically because they are exceptionally valuable or pose higher risks. Because street clocks are a type of business property, the floater usually sits alongside the other coverages that make up a commercial property insurance program, filling gaps that the main policy leaves open.

For example, a standard business policy might cover damage to a street clock on business property if it were destroyed in a fire that affected the entire property. However, a street clock floater extends this coverage, protecting the clock during transit and at its installed location, offering broader and more specific protection.