floating policy vs policy

floating policy and policy both are nouns.

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

As nouns, policy is a hypernym of floating policy; that is, policy 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
policy: written contract or certificate of insurance

Other hypernyms of floating policy include insurance, insurance policy.

floating policy (noun)	policy (noun)
an insurance policy covering loss of movable property (e.g. jewelry) regardless of its location	a plan of action adopted by an individual or social group
	a line of argument rationalizing the course of action of a government
	written contract or certificate of insurance