[B045]

block policy

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.

Copyright: The Rough Notes Company, Inc., 1998, All Rights Reserved. 3040100