What Is Personal Property Floater

Floater insurance is a type of insurance policy that covers personal property that is easily movable and provides additional coverage over what normal insurance policies do not. Also known as a “personal property floater,” it can cover anything from jewelry and furs to expensive stereo equipment.

What are personal floaters?

Personal Articles Floater — a personal lines inland marine policy that is used to cover scheduled personal property on an all risks basis.

How does a personal articles floater work?

A personal article floater is stand-alone insurance coverage that is either a separate policy or an endorsement added to your homeowner’s insurance policy, depending on your carrier. It covers valuable personal property that often requires more coverage than what is provided by an insured’s homeowner policy.