Block Policy

A block policy provides a form of inland marine insurance. It covers loss to the property of a merchant; wholesaler; or manufacturer including: ??Property of others in the insured’s care; custody; or control ?Property on consignment ?Property sold but not delivered ?A block policy will cover loss caused by most perils (including transportation); subject to certain limitations as specified in the policy exclusions. Common block policies are jeweler’s block and furrier’s block policies.

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