What is the primary purpose of a Personal Articles Floater?

The primary purpose of a Personal Articles Floater is to offer protection for high-value personal items. This type of insurance is specifically designed to cover personal belongings that may not be fully covered under a standard homeowner's or renter's insurance policy. Items such as fine art, jewelry, collectibles, and expensive electronics are commonly insured through a Personal Articles Floater.

This policy not only protects these high-value items against risks such as theft, loss, or damage, but it often provides coverage for circumstances that may be excluded from standard policies. For instance, personal articles floaters typically cover these items even when not at home, which gives additional peace of mind for the policyholder.

The other options presented focus on different types of coverage that are not the intended purpose of a Personal Articles Floater. Liability coverage pertains to protection against claims involving bodily injury or property damage to others, safeguarding against natural disasters is usually provided through a specific form of property insurance, and business equipment coverage addresses the risks associated with tools and devices used in a business context. None of these align with the focus of a Personal Articles Floater, which is centered around insuring high-value personal possessions.