What is floater insurance?

Floater Insurance can be an endorsement on your standard insurance policy or a separate policy, that extends policy limits to fully cover your valuable property.

What is not covered under a personal articles floater?

The personal articles floater does not cover the property for wear and tear, deterioration, or inherent vice, and the property is not covered for loss caused by insects or vermin

Can you have a personal article floater endorsement on a condominium policy?

Yes, you can get a personal floater endorsement on a condominium policy if you have expensive jewelry or other similar items.

Why cannot you have a personal articles floater endorsement on a renters policy?

Although you can get a personal article floater endorsement on a renters policy, only certain companies provide a floater endorsement on a renters policy.

Personal articles floater is similar to which homeowners endorsement?

The Personal Articles Floater is similar to the Scheduled Personal Property Endorsement in the Homeowners Policy.

Personal Insurance Coverage

How Important Is A Personal Articles Floater in 2023?

Agency Height

January 27, 2023 · 3 mins read

What is Personal Articles Floater?

Personal articles floater can be an endorsement on your standard homeowner’s policy or a separate policy, that extends policy limits to fully cover your valuables such as jewelry, arts, furs, cameras, collections, etc.

Young Alfred adds that personal articles floaters serve as additional coverage to the standard homeowners insurance, and works to increase the coverage amounts for individual personal belongings.

Do You Need a Personal Articles Floater Insurance?

You need this policy if you:

Have valuables like coin collections, fine arts, jewelry, etc.
Want to be financially adept to make replacements in the event of loss of your valuables.

Why Personal Articles Floater?

You will need personal articles for the following:

Homeowners insurance, dwelling, renters insurance, or condo insurance policies do not cover all your personal properties.

Your valuables have limits on coverages, which means you will be underinsured.

Typically, standard policies will only cover your valuables from named perils.

What are the Coverages?

Reimbursement for replacement cost
Single items coverage
Scheduled or blanket coverage
Coverage against theft or accidental losses
Coverage in virtually any location

Things To Consider Before You Buy

Decide what you want to insure
Save bills and receipts of purchase of the valuables
Gather information regarding your valuables.
Reach out to an insurance expert for advice.

Find an agent near you and get started off on your insurance journey today!

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Frequently Asked Questions

What is floater insurance?

Floater Insurance can be an endorsement on your standard insurance policy or a separate policy, that extends policy limits to fully cover your valuable property.
What is not covered under a personal articles floater?

The personal articles floater does not cover the property for wear and tear, deterioration, or inherent vice, and the property is not covered for loss caused by insects or vermin
Can you have a personal article floater endorsement on a condominium policy?

Yes, you can get a personal floater endorsement on a condominium policy if you have expensive jewelry or other similar items.
Why cannot you have a personal articles floater endorsement on a renters policy?

Although you can get a personal article floater endorsement on a renters policy, only certain companies provide a floater endorsement on a renters policy.
Personal articles floater is similar to which homeowners endorsement?

The Personal Articles Floater is similar to the Scheduled Personal Property Endorsement in the Homeowners Policy.