in Finance by (80.6k points)

Question: __________ Policy is granted only in respect of stocks of inventories of the insured under fire insurance business.

Options:

  1.  Declaration
  2.  Floating
  3.  Replacement
  4.  Valued

Please log in or register to answer this question.

1 Answer

+1 vote
by (255k points)
selected by
 
Best answer

1. Declaration

Declaration Policy is granted only in respect of stocks of inventories of the insured under fire insurance business.


Explanation:

Declaration Policy is granted only in respect of stocks of inventories of the insured under fire insurance business.

It is useful when there are frequent fluctuations in stocks prices and to avoid lower insured stock insurance.

Related questions

...