floating policy vs insurance

floating policy and insurance both are nouns.

Word	Noun	Adjective	Verb	Adverb
floating policy	Yes	No	No	No
insurance	Yes	No	No	No

As nouns, insurance is a hypernym of floating policy; that is, insurance is a word with a broader meaning than floating policy:

floating policy: an insurance policy covering loss of movable property (e.g. jewelry) regardless of its location
insurance: written contract or certificate of insurance

Other hypernyms of floating policy include insurance policy, policy.

floating policy (noun)	insurance (noun)
an insurance policy covering loss of movable property (e.g. jewelry) regardless of its location	written contract or certificate of insurance
	promise of reimbursement in the case of loss; paid to people or companies so concerned about hazards that they have made prepayments to an insurance company
	protection against future loss