Los Angeles Claims Adjuster Property and Causality Practice Exam

If a homeowner policy is not in force, what type of policy could potentially be written for personal property?

1. Homeowner policy

2. Personal Property Floater

3. Renter's insurance

4. Comprehensive coverage

The correct answer is: Personal Property Floater

A Personal Property Floater is specifically designed to cover personal belongings regardless of their location. This type of policy is particularly useful for individuals who may have valuable items that are not adequately covered by standard homeowner's insurance. When a homeowner policy is not in force, individuals still need protection for their personal property, and a Personal Property Floater fills that gap by providing coverage for items such as jewelry, electronics, and artwork, both at home and away from home. In the context of other policy types, a Homeowner policy is not applicable since the question specifies that it is not in force. Renter's insurance typically covers the contents of a rented dwelling but assumes there is a dwelling to rent, making it less relevant if the homeowner policy is void. Comprehensive coverage generally refers to coverage for physical damage to a vehicle rather than personal property. Thus, a Personal Property Floater is the most appropriate option for ensuring continuous protection for personal belongings despite the absence of a homeowner policy.