Question

1. lucy owns a variety of valuable items, including expensive jewelry, a collection of fine paintings, several mink garments, and her grandfathers restored desoto auto, which she drives on special occasions. a personal articles floater can be used to cover all of the following items except:

○ a. the desoto
○ b. the jewelry
○ c. the mink garments
○ d. the paintings

1. as compared with fire insurance policies, inland marine floaters typically provide coverage:

○ a. against more causes of loss
○ b. against specifically defined perils only
○ c. at fewer locations
○ d. with inadequate limits

Explanation:

• Question 3: A personal articles floater is used for personal property like jewelry, paintings, and furs (mink garments). Automobiles (the DeSoto) are typically covered under auto insurance policies, not personal articles floaters.
• Question 4: Inland marine floaters generally provide “all - risk” (more causes of loss) coverage compared to fire insurance policies which are more limited (usually named - peril).

Answer:

• Question 3: A. the DeSoto
• Question 4: A. against more causes of loss