What type of floater provides protection for an insured's personal property away from their residence?

The Personal Effects Floater is designed to offer coverage for an insured's personal property while it is away from their residence. This type of floater typically protects items such as clothing, jewelry, and other personal belongings that might be traveling or stored away from home, covering risks such as theft, loss, or damage.

The significance of this floater lies in its tailored approach to personal belongings, ensuring that the insured does not face unexpected financial burdens should their property be damaged or lost outside their residence. This coverage is particularly valuable for individuals who frequently travel or attend events away from home, as it extends protection beyond the primary residence.

While other options may address different insurance needs, they do not specifically cater to the situation of insuring personal property while away from home, making the Personal Effects Floater the most appropriate choice for this type of coverage.