Personal article floater

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Personal article floater

Insurance policy attachment designed to cover specified personal valuables.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Personal Article Floater

An insurance policy attached to another policy that insures certain, named articles. These may be very expensive articles, such as jewelry and family heirlooms. Each article covered in the floater has an assessed value listed with it, which helps determine the benefit the policyholder receives if an article is lost or stolen.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
The only movement was in personal article floaters, which were up from plus-2 percent to plus-3 percent."
Personal article floaters (PAFs) provide coverage for special items such as jewelry, fine arts, coins, and the like.
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