What type of policy covers movable property within specified territorial boundaries?

The correct answer is a floater, which specifically refers to a type of insurance policy that covers movable property, such as personal effects, equipment, or other possessions, within defined geographic limits. Floaters provide coverage for items that are not fixed to one location and can be transported from place to place, ensuring that the policyholder is protected regardless of where the property is located within the specified boundaries.

This type of policy is particularly useful for individuals or businesses that need flexibility in their coverage for property that changes locations frequently, addressing risks such as theft or damage while the property is in transit or at different locations.

In contrast, property insurance generally covers fixed assets and real estate rather than movable items, while liability insurance focuses on protection against claims for damage or injury caused to others. General liability coverage only pertains to legal liabilities, not property insurance. Thus, the floater is the most appropriate choice for the specific scenario of covering movable property within set territorial boundaries.