Final answer:
Personal Inland Marine Insurance floaters provide coverage for portable property against perils such as theft, accidental damage, and loss.
Step-by-step explanation:
Personal Inland Marine Insurance floaters provide coverage for various types of property and perils that are not covered under standard homeowners or renters insurance policies. These policies are designed to cover portable property that is frequently moved or not tied to a fixed location, such as jewelry, fine art, camera equipment, or musical instruments. Some common perils covered under Personal Inland Marine Insurance floaters include theft, accidental damage, and loss. For example, if a valuable piece of jewelry is stolen or a camera is accidentally dropped and damaged, the policy would provide coverage.