What is the best option for someone seeking broader coverage on personal property than an unendorsed homeowners policy provides?

Choosing a personal articles floater is an effective way to achieve broader coverage on personal property beyond what an unendorsed homeowners policy offers. A standard homeowners policy includes limitations on certain types of personal property, such as jewelry, art, collectibles, and electronics, which are often subject to specific dollar limits or exclusions.

By purchasing a personal articles floater, individuals can specifically insure valuable items for their full replacement value, ensuring greater protection against theft, loss, or damage. This type of policy is designed to cover high-value items on an itemized basis, providing coverage that is not available under a typical homeowners policy.

In contrast, options like increasing coverage limits on personal property might improve the coverage under a homeowners policy, but they might not address specific high-value items adequately. An umbrella policy primarily provides additional liability coverage beyond existing policies but does not affect personal property coverage. Reducing the policy deductible can help with out-of-pocket expenses in the event of a claim, but it does not inherently expand the coverage itself. Therefore, opting for a personal articles floater is the most suitable choice for achieving comprehensive protection for personal property.