Stock declaration Policy
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Stock declaration Policy
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Burglary Insurance
What is it?
Businesses can protect their stock or inventory by periodically declaring its value through the use of a stock declaration policy. This insurance requires the insured to report the value of their stock at regular periods, usually annually or quarterly, in lieu of providing a fixed sum insured. The declared value is then used to compute the premium, giving enterprises with varying stock levels flexibility.
What type of Shipment is not covered under Stock Declaration Policy?
Certain perishable or high-risk shipments might not be covered by the stock declaration policy. As examples, consider:
Can your business do the Stock Declaration Policy?
A Stock Declaration Policy is an option available to most businesses that have stock or inventory. Businesses with varying stock levels or seasonal fluctuations in inventory value may consider this policy. It offers affordability and flexibility in contrast to conventional fixed-sum insurance plans.
