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Stock Floater Insurance Policy
Floater insurance is an insurance policy that covers an asset or property being moved from one fixed location to another for transportation perils, and for other associated perils at the new fixed location.
Who Should Buy Floater Insurance Policy?
This policy is ideal for those clients who handle large volumes of moving stocks.
What is covered by Floater Insurance Policy?
This is a Comprehensive Package Policy which covers stocks against almost all risks and perils. The policy offers a comprehensive cover against all perils excepting those specifically excluded. It covers loss or damage due to:
- Fire and Special Perils
- Transit risks
- Accidental damage