What type of provisions are Controlled Line Floaters written under?

Controlled Line Floaters are typically written under standard provisions, which means they follow predefined terms and conditions set by the insurance provider. These standard provisions ensure consistency across policies and offer clear guidelines regarding coverage, limits, and eligibility for various items insured under a floater.

Standard provisions allow the policy to maintain a level of reliability and predictability in terms of coverage for the insured items, which are often high-value or specialized items that may require more comprehensive coverage than standard homeowners policies would provide.

While custom and unique provisions can cater to very specific needs or high-value items, they tend to involve negotiation and tailoring of terms that are not universally applicable. Thus, sticking to standard provisions helps facilitate easier management of the policy and understanding of coverage limits for both insurers and policyholders.