What does Personal Property Floater mean? Read on to discover the definition & meaning of the term Personal Property Floater - to help you better understand the language used in insurance policies.
Personal Property Floater
A personal property floater (PPF) is a separate insurance policy that covers a valuable item. Insured persons can set the coverage amount on a personal property floater so that it will fully replace a valuable item that gets lost, damaged, or stolen. Personal property floaters are used to cover valuables like jewelry, artwork, firearms, furs, silverware and other expensive pieces of property.
We hope the you have a better understanding of the meaning of Personal Property Floater.