Which of the following best describes the personal property floater?
A)An endorsement providing coverage for items of expensive personal property not adequately covered under the standard homeowners policy.
B)An addition to the automobile policy intended to cover items of personal property that are often in or upon a covered automobile.
C)A specialized inland marine policy covering boats and trailers used with boats.
D)A liability policy that covers against liability caused by ownership or use of items of personal property.
E)None of these

Question

Quizplus · Accepted Answer

The personal property floater is an endorsement that provides coverage for items of expensive personal property that are not typically covered under the standard homeowners policy, such as jewelry or artwork. It "floats" on top of the existing policy to provide additional coverage.

Which of the Following Best Describes the Personal Property Floater