An Unscheduled Property Floater is an added rider on a homeowner’s insurance policy that expands coverage to a group of items not individually valued and specified. This is in contrast to Scheduled Property Floaters, which list the specific items and describe their value. Unscheduled floaters typically have a single, total coverage limit and a specific deductible.

This type of coverage may be especially useful for homeowners who possess valuable property that is difficult to individually assess and itemize. Examples of items that can be covered under Unscheduled Property Floaters include jewelry, high-end electronics and sports equipment.

Under an Unscheduled Property Floater, the homeowner is responsible for disputes over the full or partial value of any insured property. The insured must either prove the property was lost, damaged or stolen, or list their belongings in order to collect on the policy.

Unscheduled Property Floaters are often a preferred type of insurance for those with expensive property, since they can cost less than a standard insurance policy premium. Additionally, since the items are grouped together, it is often easier to receive a payment due to the decreased amount of paperwork necessary in making a claim.

A Unscheduled Property Floater is a great way to add value to the coverage on a homeowner's policy without drastically increasing the premiums. Through ensuring all valuable items are covered, a homeowner can be confident that they are protected when it comes to a loss.