What type of property does a Personal Floaters policy cover?

A Personal Floaters policy is designed to provide coverage for movable personal property, regardless of its location. This type of insurance is ideal for individuals who own valuable items such as jewelry, electronics, artwork, and other personal effects that may not be sufficiently protected under standard homeowners or renters insurance policies.

One of the key aspects of a Personal Floaters policy is its versatility; it follows the insured items wherever they are, whether at home, traveling, or stored elsewhere. This is essential for people who frequently move or transport their belongings, as it ensures that their personal property is protected against risks like theft, loss, or damage, regardless of where those items are located.

In contrast, the other options represent limitations in scope or coverage that do not align with the comprehensive nature of a Personal Floaters policy. Real estate properties are typically covered under a different type of insurance; commercial property is specifically for business-related use and requires a distinct policy; and coverage that is restricted only to jewelry and fine arts does not capture the broader range of movable personal property that a Personal Floaters policy encompasses.