Personal Article Floaters Insurance

A Personal Articles Floater (PAF) is a specialized type of insurance designed to provide enhanced protection for your high-value personal belongings that might not be fully covered under a standard homeowners, renters, or condo insurance policy. Standard property policies often place limits or restrictions on certain categories of valuable items — such as jewelry, fine art, antiques, collectibles, and expensive electronics — meaning you may only receive a small payout or limited protection if something happens to them. A personal articles floater bridges that gap by offering dedicated coverage tailored to these valuable possessions.

 

Unlike general personal property coverage, a Personal Articles Floater allows you to schedule individual items — listing each one with its specific value — so they are insured for their full worth. This type of policy typically provides broader “all-risk” protection, which means your items are covered against most causes of loss unless they are specifically excluded in the policy terms. This can include theft, accidental damage, loss during transit, and even mysterious disappearance, which standard homeowners policies often do not cover.

 

One of the key advantages of a personal articles floater is its flexibility and customization. High-value items like engagement rings, luxury watches, fine art, rare coin or stamp collections, musical instruments, and even specialized electronics can be individually appraised and insured at their agreed-upon value. Many floaters offer worldwide coverage, so your valuables are protected whether at home, on vacation, or traveling abroad. Additionally, many policies have little to no deductible for covered losses, which means you may be reimbursed more fully and quickly when you need it most.

 

Because homeowners and renters insurance often include sub-limits — caps on how much they will pay for certain categories of personal property — high-value items can be left underinsured without proper scheduling. For example, a standard policy might only cover a few thousand dollars for jewelry or artwork, even if the true value is much higher. A Personal Articles Floater ensures that your most cherished and expensive possessions are fully protected, giving you peace of mind and financial security against loss, theft, or damage.