What type of coverage is included in the Personal Articles Floater for fine arts?

The Personal Articles Floater provides coverage specifically designed for items that may not be adequately insured under a standard homeowners policy. This includes fine arts, jewelry, and other valuable personal property.

One key feature of the Personal Articles Floater is the automatic coverage for new acquisitions, which typically lasts for 90 days. This means that if a policyholder acquires a new piece of fine art, it is automatically covered under the floater for a certain period, ensuring that the new acquisitions are protected until they can be formally added to the policy. This feature provides peace of mind for collectors and individuals who frequently purchase valuable items.

In contrast, other options such as limited coverage for appraisal, comprehensive coverage for theft, and replacement cost coverage do not specifically define what is provided under the Personal Articles Floater. While some coverages may be beneficial, they do not directly relate to the automatic inclusion of coverage for new acquisitions, which is a standout characteristic of this type of policy. The ability to have temporary coverage without additional steps reinforces the comprehensive nature of the Personal Articles Floater for protecting fine arts and similar valuables.