Which items are commonly covered on open peril coverage under inland marine personal articles floater?

• A. Jewelry, fur and garments trimmed with fur, cameras, musical instruments
• B. Real estate and buildings
• C. Vehicles and boats
• D. Cash and checks

Answer: (A)

Open peril coverage on inland marine personal articles floater is designed to protect portable, valuable personal property against a wide range of risks. Jewelry, fur and garments trimmed with fur, cameras, and musical instruments are classic examples because they are high in value, easily portable, and commonly carried or used away from home. The policy can cover these items on an open-perils basis, often with scheduled limits that reflect their insured value.

Real estate and buildings are not covered by this inland marine coverage; they belong to homeowners or dwelling policies where the property is fixed. Vehicles and boats have their own separate policies—auto coverage for cars and specialized policies for boats—so they aren’t typically insured under the personal articles floater. Cash and checks are generally excluded or only insured under very limited terms, since money is treated differently from the typical items a personal articles floater covers.