What scenario would typically fall under Personal Articles Floater Policies?

Personal Articles Floater Policies are specifically designed to provide coverage for valuable personal belongings that may not be adequately insured under a standard homeowners policy. This type of policy is ideal for items that are often subject to specific risks and may have a higher value, which is where the need for specialized coverage arises.

Jewelry is a perfect example of valuable items that typically fall under these policies. High-value items such as fine jewelry, artwork, furs, or collectibles often exceed the limits of standard insurance coverage or may not be covered for specific types of loss, such as mysterious disappearance. A Personal Articles Floater allows for broader coverage, including protection against loss, theft, or damage, ensuring that these valuable items are adequately insured.

In contrast, everyday appliances, commercial equipment, and general household furnishings do not usually require separate coverage under a Personal Articles Floater, as they tend to be covered by a standard homeowners or renters policy. These other items, while important, do not typically involve the same level of specialized risk or high value that necessitates a Personal Articles Floater.