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 homeowner's 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 the above

Question

Quizplus · Accepted Answer

A personal property floater is an endorsement that provides coverage for items of expensive personal property, such as jewelry, furs, or fine art, that are not adequately covered under the standard homeowner's policy. This endorsement typically provides broader coverage, including protection against loss or damage from accidental loss, theft, or damage, and may have higher limits of coverage than the standard policy.

Which of the Following Best Describes the Personal Property Floater