Definitions for "Block Policy"
A form of inland marine insurance designed to cover 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 and property sold but not delivered. Common block policies are jeweler's block and furrier's block policies.
An inland marine policy covering all property on or off a merchant's premises, including property of others in the care, custody or control of the policyholder.
Inland marine coverages offering protection for all of the described type property of an insured on an "all-risk" basis, from the time the insured obtains possession, through loading, transport, unloading, storage, display, or sales, including any repair or processing necessary at off-premises locations. Two of the most common block policies are the jewelers block or the furriers block coverages.
Keywords:  police, globale
Police globale