Final answer:
A Personal Floaters policy covers movable personal property, wherever it may be located, providing extra insurance protection for high-value items not covered by standard homeowners policies when outside the home.
Step-by-step explanation:
The question concerns what type of property a Personal Floaters policy covers. The correct answer is b) Movable personal property, wherever it may be located. This type of policy is designed to offer insurance protection for items that are not tied to a specific location and can be moved. Standard homeowners policies may provide coverage for personal property, but they often have limits or may not cover certain high-value items when they are taken outside of the home. Personal Floaters policies are useful for insuring such items against loss or theft regardless of the item's location.