What type of property does a Personal Floaters policy primarily cover?

A Personal Floaters policy is specifically designed to cover movable personal property, which includes items that are not permanently attached to a location and can be moved from one place to another. This type of policy provides protection for personal belongings, such as clothing, electronics, and sports equipment, against risks like theft, loss, or damage.

One of the key characteristics of Personal Floaters is their ability to extend coverage beyond what a standard homeowners or renters policy might offer. For instance, while a homeowners policy typically provides limited coverage for high-value items, a Personal Floaters policy can offer broader and more tailored protection for specific categories of movable personal property.

In contrast, other options like real estate property, business inventory, and specialized collections such as art and jewelry are typically covered under different types of insurance or endorsements rather than a Personal Floaters policy. Real estate property is generally covered by homeowner’s or property insurance, while business inventory would fall under a commercial property policy. Though high-value items like art and jewelry can be insured under a Personal Floaters policy, it is not their primary purpose to do so; the policy is mainly intended for general movable personal property protection.