Meaning Floating Policy
What does Floating Policy mean? Here you find 6 meanings of the word Floating Policy. You can also add a definition of Floating Policy yourself
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Floating Policyfloater
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Floating PolicyOne made in general terms and for an overall sum of money. Generally taken out by shipper when goods are to be carried in more than one ship. As each ship loads, the value of cargo is declared, and is [..]
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Floating PolicyThis covers contents or stock spread over more than one set of premises, or over more than one building. This is also available for contractors who want to cover all similar contracts undertaken in a [..]
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Floating PolicyThe insurance company first grants the insured a large initial sum-insured. Then each time the shipment is sent, the insured declares them to the insurer. The value of the shipment is then deducted fr [..]
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Floating PolicyA cargo policy with a fixed sum insured which is sufficient to cover more than one shipment; each shipment up to an agreed limit being declared as it takes place. The policy lapses when the sum insure [..]
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Floating PolicyType of cargo insurance where all the risks covered by the contract are determined consignment by consignment through declarations of risk value and are then covered up to a maximum amount. The policy [..]
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