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 provides coverage for specific personal items that may be at risk of loss or damage, such as jewelry, silverware, fine art, and other valuable possessions.

The PAF is designed to extend beyond the coverage provided by a standard homeowner's or renter's insurance policy, offering protection against a wider range of risks, and often on an "all risks" basis. This means that the policy covers loss or damage unless specifically excluded, making it especially useful for individuals who own high-value items that require additional protection.

Other acronyms listed do not correspond to the correct name of this policy. For example, PEF and PAP may refer to different types of policies or coverage options not related to personal articles, and PPF may refer to a personal property floater, which may not specifically address the nuances of personal items like the PAF does. Hence, PAF is the accurate acronym, precisely reflecting the insurance product designed for protecting personal items.