Flashcards in Miscellaneous Personal Lines Coverage Deck (11):
Fine Arts Floater
90 DAYS covering paintings, statuary, carvings, other works of art, rare manuscripts, and antiques,
Personal Jewelry Floater
- can be written on valued basis
- has pair and sets clause
-Appraisal is usaully mandatory
-30 days AUTO!
EQ single occurrence
-specific minimum limits for underlying required
-certain losses excluded by the primary are covered
like a deductible but term in umbrella
Musical Instrument Floater
Playing for pay requires an endorsement and additional premium.
The Personal Effects floater
provides worldwide open peril coverage for items worn or carried by tourists.
Personal Articles Floater
Cameras are insured on an Actual Cash Value basis.
-have the pair and sets clause
-must report new objects 90 days
The intent of Personal Articles floater policy is
coverage is worldwide since it is written on the moveable type of property insureds carry with them when traveling, both domestically and overseas.
if insured lives on the yacht or operates it, no coverage is provided