What is the acronym for the personal articles floater?

The acronym for the personal articles floater is PAF, which stands for Personal Articles Floater. This type of insurance policy is specifically designed to provide coverage for valuable personal items that may not be fully covered under a standard homeowners or renters insurance policy. The personal articles floater can include items such as jewelry, fine art, collectibles, or other high-value belongings, allowing for broader coverage against risks like theft, loss, or damage. Understanding this acronym is essential for those studying insurance, as it emphasizes the specialized nature of coverage for personal possessions, distinguishing it from more general insurance policies.