Department Store Insurance Floater
Definition of "Department store insurance floater"
Coverage for items of property being delivered to a customer. The means of transportation covered include such common carriers as aircraft, railroads, trucks, express carrier, and other variations, as well as the department store's trucks and other delivery vehicles. Coverage can be purchased on an all risks basis subject to excluded perils such as war and nuclear disaster. Coverage applies on a blanket basis meaning that all locations of points of delivery are covered.
Popular Insurance Terms
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