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

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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