For example, this clause would apply if you moved from your home to a new house before you sold the old house. Also, most policies don't cover any part of your house used for a home-based business or the tools of your trade. For example, if you do bookkeeping for one or more businesses out of your home and have a typewriter, file cabinet, adding machine, desk, computer, etc., your regular homeowner's policy will not cover these items nor the space you use to work. Floaters may also be purchased to cover jewelry, furs, stamp or coin collections, antiques, or heirlooms. With the standard homeowners policy, these items and others are insured as personal belongings, but only for a limited amount.
Policies vary in the terms of coverage.
Check your policy for the limits of coverage on your belongings. In each category, the dollar limit is the most you will collect each time there is a loss, no matter how many items are involved. With a personal-articles floater, you can get coverage on specific items, as well as by category. Such items include cameras, tape recorders, and golfing equipment. It can cost a lot to insure a number of items with a floater.