What does Personal Articles Floater mean? Read on to discover the definition & meaning of the term Personal Articles Floater - to help you better understand the language used in insurance policies.
Personal Articles Floater
A personal lines inland marine policy that is used to cover scheduled personal property on an all risks basis. The policy is particularly appropriate for property that receives limited coverage under the homeowners forms, such as furs, jewelry, fine arts, silverware, cameras, musical instruments, stamp and coin collections, and similar property. Standard forms have been developed by both Insurance Services Office, Inc. (ISO), and American Association of Insurance Services, Inc. (AAIS). Coverage is also sometimes afforded in homeowners policies by endorsement.
We hope the you have a better understanding of the meaning of Personal Articles Floater.