Advantages of a Personal Property Floater

 One very large advantage to insuring unique and unusual items on a personal property floater is that this policy provides broader coverage than provided by the contents coverage in your homeowners policy. This adds special emphasis to insuring items that, while there is no specific limit in the policy, may be subject to loss from perils that the personal property section of your policy does not provide.
An example might be fine arts, such as a Hummel collection. These fine arts items are especially susceptible to breakage, yet the named perils coverage found in the homeowners policy provides no coverage for simply dropping and breaking your piece of fine statuary.
Some other items with special limitations in the homeowners policy you might seek a higher limit under the personal property floater includes jewelry, precious and semi-precious stones, furs, guns, and silverware, to name a few. While this is an incomplete list, it demonstrates why certain items are limited separately in the policy because of their uniqueness. The modern homeowners insurance policy is written in easy-to-read language the average person can review.
If you are unsure about your coverage after personal review of your policy, contact our office so we can work on this together.
Reichley Insurance Agency is committed to excellence. We pride ourselves on offering our clients reliable coverage and great service. As an independent Ohio insurance agency, we can provide you with all types of insurance coverage from the top carriers in the country. Our team of trusted agents will work with you to find a policy that meets your needs – and falls within your budget.

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The information in this article is meant as a guideline only. There is nothing in this publication that alters the coverage or interpretation of any specific policy. Because some statements are generalizations, and because different companies’ policies contain slight differences, please refer to your specific policy. Call our office before making any judgments or decisions concerning your particular situation and coverage that may or may not apply.