Chapter 12

Question 1

A Personal Articles Floater:

Select one:

a. provides all-risk coverage.
b. covers inherent vice.
c. is an unscheduled blanket policy.
d. provides named peril coverage.

Answer 1

Floaters are all-risk (except for a few exclusions like inherent vice) and they require the covered items to be scheduled in the policy.

The correct answer is: provides all-risk coverage.