In inland marine insurance, what is the term for a policy that follows the property insured wherever it may go?

In inland marine insurance, a floater is the term used to describe a policy that provides coverage for property that is movable and can be transported from one location to another. This type of insurance is designed to protect items that are not fixed in one place, allowing them to be covered regardless of where they are located. Floater policies are particularly useful for businesses or individuals who frequently travel with valuable goods or equipment, such as contractors or artists who may take their tools or creations to various job sites or events.

Endorsements and riders generally modify an existing insurance policy but do not inherently offer the broader, more flexible coverage that a floater does. A standard policy typically refers to a traditional insurance structure with set terms, limits, and conditions, which is less adaptable for property that changes locations frequently. Thus, the unique and portable nature of a floater is what distinguishes it as the correct answer for this question regarding inland marine insurance.