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Personal Articles Floater Insurance in Connecticut: Full Coverage for Your Valuables
Standard homeowners insurance has limits on high-value items. A personal articles floater schedules your most prized possessions — jewelry, fine art, collectibles, musical instruments, and more — for full appraised-value coverage with no deductible.
What Is a Personal Articles Floater?
A personal articles floater (PAF) is an insurance policy — or endorsement to your homeowners policy — that provides broader, higher-value coverage for specific personal property items. Unlike standard homeowners insurance, which places sub-limits on categories like jewelry ($1,500), silverware ($2,500), or firearms ($2,500), a floater covers each scheduled item for its full appraised or agreed-upon value.
The term "floater" means the coverage follows the item wherever it goes — at home, traveling domestically, or even abroad. If your engagement ring is lost at a resort in Europe, a personal articles floater covers it. Your homeowners policy likely wouldn't.
What Can a Personal Articles Floater Cover?
Almost any high-value personal possession can be scheduled on a floater policy. Common items include engagement rings and fine jewelry, fine art and sculptures, antique furniture, musical instruments, camera and photography equipment, collectibles (coins, stamps, sports memorabilia), furs, silverware and flatware, wine collections, and golf equipment. Each item is individually listed with its appraised value, ensuring there's no guesswork at claim time.
Why You Need a Personal Articles Floater
Full Appraised-Value Coverage
Each scheduled item is insured for its full appraised or agreed-upon value. Unlike standard policies with sub-limits, you receive the complete value of your item if it's lost, stolen, or damaged — no depreciation, no surprises.
Worldwide Protection
Coverage follows your items wherever they travel — across town, across the country, or around the world. Whether your watch is on your wrist in Paris or your violin is at a concert hall in New York, it's fully protected.
Broader Perils Covered
Floater policies typically cover "all risks" of direct physical loss — including accidental damage, mysterious disappearance, and theft — unless specifically excluded. This is far broader than a standard homeowners policy's named-perils coverage.
No Deductible (Typically)
Most personal articles floater policies have zero deductible for scheduled items. If your $15,000 engagement ring disappears, you receive the full $15,000 — not the value minus a $1,000 or $2,500 deductible.
How the Scheduling Process Works
1. Get Items Appraised
Have a qualified appraiser assess the current replacement value of each item you want to schedule. For jewelry, use a certified gemologist. For art, use an accredited art appraiser. Most insurers require appraisals less than 2-3 years old.
2. Create Your Schedule
We'll work with you to list each item with its description, appraised value, and any supporting documentation (photos, receipts, certificates of authenticity). This becomes your "schedule" of covered items.
3. Bind Coverage
Once your schedule is finalized, we bind coverage immediately. Each item is insured for the agreed-upon value. Premiums are typically very affordable — often just $1-$2 per $100 of value annually.
4. Update as Needed
As you acquire new items or existing items appreciate in value, we update your schedule. Regular re-appraisals ensure your coverage keeps pace with your collection's true worth.
Protect Your Most Valuable Possessions
Don't rely on your homeowners policy's sub-limits to protect the things that matter most. At Insure Connecticut LLC, we help Connecticut residents schedule their valuables with comprehensive personal articles floater coverage. Contact us today for a free quote.