How about your expensive jewelry, furs or priceless antiques? A personal articles floater is the policy needed for those, as well as a stamp/coin or even gun collection. These policies provide coverage above the limitations on your homeowner policy for personal belongings, with a few requirements as well. Depending on your carrier, an appraisal is required for items over a specific dollar amount. Why would you want to purchase this type of a policy? This type of policy provides additional benefits for specifically covered items, such as that $20,000 diamond engagement ring while honeymooning in the Caribbean that gets lost or chipped. These policies or floaters although very different generally share four common characteristics as well as certain exclusions.