The personal property floater:
A)provides either blanket or scheduled coverage of items that are not covered adequately in a standard homeowner's policy.
B)is available to meet the needs of "innocent" victims of accidents who are negligently injured by uninsured, underinsured, or hit-and-run motorists.
C)is a specialized inland marine policy covering boats and trailers used with boats.
D)covers against liability caused by the ownership or use of items of personal property.
E)is an additional amount of insurance equal to a specified percentage of the replacement value of the property.

Question

Quizplus · Accepted Answer

The personal property floater is designed to provide either blanket or scheduled coverage for items that may not be adequately covered under a standard homeowner's policy, such as valuable jewelry, art, or electronics. This type of policy allows for more comprehensive coverage for specific, high-value items.

The Personal Property Floater