Theatrical Floater
Updated: 09 June 2023
What Does Theatrical Floater Mean?
A theatrical floater is a type of insurance coverage for props, equipment, costumes, and other materials used for plays or theatrical productions. It provides coverage for fire, windstorm, lightning, explosion, theft, and smoke. It also covers such risks as flood, collapse of bridges, vehicle derailment or damage, stranding and sinking of vessels, and aircraft crash.
A theatrical floater is also referred to as a theatrical property floater.
Insuranceopedia Explains Theatrical Floater
A theatrical floater does not cover buildings, furniture, and other items not directly used in a theatrical production. However, the insured does not need to won the items to have coverage. They may be borrowed, held in trust, on consignment, or even still in transit for delivery to the owners.
Synonyms
Theatrical Property Floater
Related Definitions
Related Terms
Related Articles
Insurance Self-Service Portal: The Future of Customer Experience
Blockchain’s Impact on Transforming the Insurance Landscape
What Every College Student Should Know About Renters Insurance
Guidance for Nurses: Five Essential HIPAA Compliance Tips
Insuring Your Financial Future: the Crucial Role of Accounting in Insurance
The Future of Insurtech: How Technology is Transforming the Insurance Industry
Related Reading
What Students Need to Know About Insurance Coverage During Internships
A Roadmap for Students Interested in the Insurance Industry
Strong Identity Verification in the Insurance Sector
How to Avoid Online Insurance Scams
How to Get Into the Insurance Industry With a Finance Degree
The Role of Insurance in Protecting Educational Investments