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Block Policy

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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.


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Penny Samworth says: "So long as you don't actually know whether your property is affected and there is no evidence of the liability in the deeds, you should be able to buy a policy - and at Lodders we acted swiftly to purchase a block policy which will cover current owners as well as new buyers.
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.
This includes access to support time, conference with a specialist, quality controlled contractors and competitive block policy insurance rates.
 
 
 
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