A Personal Articles floater (PAF) is used to insure your valuable property that often requires more coverage than what is provided by your homeowner policy, due to various exclusions and limitations on homeowner coverage.
Fine Arts : Fine arts can include private collections of paintings, antique furniture, rare books, glasses, ornament knickknacks, and manuscripts. Fine arts are insured on a valued basis which means if a loss occurs, payment would be made for the amount of insurance stated in the schedule for that particular item.
How Much Coverage Do you Need?
Most Homeowner policies in Ontario Cover less then $5000 in Fine arts. If you feel you may be under-covered, Contact your broker today to talk about your coverage.
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