What does the acronym PPF stand for in insurance?

The acronym PPF in insurance stands for "Personal Property Floater." This type of policy is designed to provide coverage for personal belongings that may be exposed to risks beyond the scope of a standard homeowner's insurance policy. It is particularly useful for insuring items that are valuable or frequently transported, such as jewelry, electronics, or art. A personal property floater extends coverage for these items against numerous perils, including theft, loss, or damage, whether they are at home or away.

While the other options involve terms that could relate to property or insurance, none accurately describe the specific coverage provided by a personal property floater. Understanding this term is essential for recognizing how personal property can be insured effectively, especially for policyholders wanting to ensure they have adequate protection for their valued possessions.