Which type of floaters provides coverage for personal property away from the insured's residence?

The Personal Effects Floater is designed to provide coverage for personal property that is typically away from the insured's residence. This type of floater is especially valuable for items that are frequently transported, such as luggage, sports equipment, and personal belongings that an individual might take outside their home. The policy covers loss or damage to these items regardless of their location, as long as the loss occurs under the terms outlined in the insurance.

This option is correct because it directly addresses the need for coverage of personal items outside the home, making it particularly suitable for individuals who travel frequently or engage in activities that take their belongings away from their primary residence. In contrast, the other choices do not specify coverage for personal items when they are away from the insured's home. For example, a Personal Property Floater generally covers items at one’s residence, a Commercial Cameras Floater focuses on business-related camera equipment, and a Contractors Equipment Floater pertains specifically to tools and equipment used in construction or contracting work. These types do not offer the same comprehensive coverage for personal property when it is outside the insured's residence as the Personal Effects Floater does.