Insurance For Property In Transit And Storage Is Called Stock Throughput Insurance
Given the uniqueness of some of the terminology, acronyms etc. understanding what insurance for property in transit and storage is called or is best can be confusing. To help ALIGNED Insurance Advocates are trained in insurance for property in transit and storage and know the difference between stock throughput insurance and cargo insurance.
Insurance For Property In Transit And Storage Is Called Stock Throughput Insurance Not Cargo Insurance
A cargo insurance policy provides coverage for property in transit, but a stock throughput is a special type of cargo insurance policy that provides insurance for property in transit and storage. That said, and to make matters a bit more confusing cargo insurance can cover storage when in the ordinary course of transit already, but insurance for property in transit and storage is called stock throughput insurance when the storage is not part of the ordinary course of transit, for example, arrives at a third party warehouse and remains there until it’s sold.
More simply put property in transit and storage is called stock throughput insurance is basically the stock that you would and usually insured under a property policy.
For more information on insurance for property in transit and storage, stock throughput insurance or for answers to other insurance questions, insurance quotes etc. contact us today.
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