___________ policy is granted only in respect of stock of inventories of the insured under fire insurance business.
A)Floating.
B)Declarations.
C)Replacement.
D)Valued.

Question

Quizplus · Accepted Answer

Declarations policy is specifically designed for businesses with fluctuating inventory levels, allowing the insured to declare the value of their stock at different times. This flexibility is crucial for accurately covering the changing value of inventories under a fire insurance policy.

___________ Policy Is Granted Only in Respect of Stock of Inventories