Block Policy

Block Policy

An insurance policy that provides coverage for goods while they are in transit between two locations, while they are being delivered to another party, and while they are present on another's property (such as a warehouse). A block policy is a type of all risks policy; that is, it provides coverage for all losses that may occur while the policy is in effect.
References in periodicals archive ?
New @twitter block policy is like a home security system that instead of keeping people out puts a blindfold on YOU when they come in," said user @edcasey.
It is not appropriate" that opposition parties try to block policy implementations by holding deficit-financing bills to hostage, Noda told a lower house budget committee session.
About Jewelers unBLOCKed (TM) Jewelers unBLOCKed (TM) is an exclusive jewelers block policy offered through the Chubb Group of Insurance Companies.
The derelict site, formerly home to the Central television studios off Broad Street, has been awaiting development for more than a decade as first problems with tower block policy in the light of the 9/11 terrorist attacks and then the economic downturn hit the scheme.
To be sure, it may often prove difficult to pass self-correcting statutes and regulations and to negotiate adaptive international agreements, but the pitfalls of allowing uncertainties to block policy action are, in most cases, too great.
Not only are those arrangements inefficient in terms of time and resources, but they also enable the UK Government to block policy proposals aimed at solving practical problems in Wales.
This includes access to support time, conference with a specialist, quality controlled contractors and competitive block policy insurance rates.
MDA officials intend to clarify the block policy in the near future to better align the cost and fielding goals.
My lawyer says I don't have to pay as I refused a block policy but the council insists I do.
The reason this language is in a jewelers' block policy is to attempt to ensure that valuable jewels are not left just sitting around without a human guard, even in a locked car or trunk.
If you are not insuring your property under a lender's block policy you will need to make your own arrangements as quickly as possible.
I suspect the courts would decide that, as the company manages thousands of properties, a block policy is reasonable.