Which of the following is NOT a characteristic of personal articles floaters?

Personal articles floaters are specialized insurance policies that provide coverage for high-value items like jewelry, art, and collectibles. They typically cover the specific items that the policyholder identifies, ensuring that these valuable possessions are protected from risks such as theft, loss, or damage.

The reason for the selection of the answer lies in understanding the nature and purpose of personal articles floaters. These policies are indeed designed for valuable items (such as in the first choice) and they often provide what is known as "blanket coverage," which means that a single limit of insurance applies to numerous items without needing individual appraisals for each. However, they are not typically used for general liability coverage; rather, they focus on protecting personal property.

Primary liability coverage refers to policies that protect against claims arising from injuries to other people or damage to their property, which is not the function of personal articles floaters. These floaters are purely for insuring specific personal property, therefore making "used for primary liability" an incorrect characteristic associated with personal articles floaters.