What is another word for floating policy?
Pronunciation: [flˈə͡ʊtɪŋ pˈɒlɪsi] (IPA) 
A floating policy refers to a type of policy that offers flexible and adjustable insurance coverage. While it is commonly associated with marine insurance, the term can also refer to policies in other areas. Some synonyms for floating policy include open policy, flexible policy, and adjustable policy. These policies often allow for changes in coverage limits or circumstances throughout the policy term, providing more tailored coverage for the insured. They may also have a variable premium based on the changing level of exposure or risk. Floating policies are often used in industries that have constantly shifting insurance needs, such as transportation or construction.
