A personal articles floater (PAF) policy is a separate policy containing coverage on nine optional classes of personal property. Alternatively, an insurer can issue a "jewelry floater" or "camera floater," and so forth covering only one type of property. These property specific floaters contain only the provisions relevant to the specific type of property that is covered; however, coverage is the same as that available for that type of property under the PAF. When PAF coverage is added to a homeowners policy, it is done through the scheduled personal property endorsement.
The PAF combines into one policy nine classes of property that the insured may choose to cover, rather than having to purchase from one to nine different floaters.
The nine classes of personal property are:
- Musical instruments
- Silverware and goldware
- Golfer's equipment
- Fine arts
- Stamp collections
- Coin collections
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