Business Studies

State the following statement is True or False:
A policy under which all assets (fixed and current) are insured is called blanket policy of Fire Insurance.


Answer & Solution

True


SOLUTION
Blanket policy is issued to cover more than one property or the assets in the property. Under such a policy, the fixed and current assets of a manufacturer or a trader available in different buildings can be covered with a single policy.
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TRUE/FALSE Medium Published on 18th 08, 2020
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