How long does coverage for newly acquired jewelry or furs last under a Personal Articles Floater?

Under a Personal Articles Floater, newly acquired jewelry or furs are covered for a duration of 30 days at actual cash value or up to specified limits. This provision is designed to ensure that policyholders have immediate coverage for valuable items they may acquire during the policy period, providing a safety net as they add new possessions.

The coverage duration of 30 days allows sufficient time for the insured to notify the insurance company about the new items and potentially adjust their policy limits accordingly. The coverage operates at actual cash value during this period, which reflects the item's current market value, taking depreciation into account, unless a higher limit is specified in the policy.

This coverage feature is particularly important as it helps mitigate the risk of loss during the time when a policyholder may not have formally registered the newly acquired belongings. The actual cash value aspect further emphasizes the protection of the insured's financial interest, ensuring they are compensated fairly in the event of a covered loss.

Other durations and terms mentioned in the question do not align with the standard provisions of a Personal Articles Floater, making it clear why this answer is the most appropriate and relevant.