A Personal Article Floater is a type of insurance policy that is created specifically for people who are interested in writing about things that are not necessarily attached to their home. Personal article flotation is similar to traditional insurance policies, but provides unique coverage features. It usually covers all types of property and can be used in the same way as traditional insurance policies.
This is a very effective type of coverage because the cost of your premium is significantly lower than with other types of insurance policies. The advantages of having an article flotation policy is that it helps you keep track of the value of your property, which will make the policy much more affordable. It also allows you to claim against the policy if you find yourself needing to sell your property. Personal Article Flotation covers your movable property, such as furniture, jewelry, art, collectibles, musical instruments, and more. The policy will generally pay the value of your property when you first move in, but will pay nothing during the period that the policy remains in effect. Some people choose to leave the personal articles floater policy active while they rent the home, and not take out the policy until they move out. Some reasons to choose to have your policy active include the following:
While this option may seem appealing at first, the monthly payment that you need to make is significantly higher than traditional insurance policies. Because your premium will not decrease as the years pass by, you may find that the monthly payment you have to make is still too expensive for you to afford. Some people opt for a personal articles floater policy that does not have any restrictions on the amount of time the policy is active, or that does not have a fixed premium amount over the life of the policy. When choosing between a policy that gives you flexibility over when you want to take out the coverage, and one that has very high premiums and no options, you may have to decide which way is more important for you.