Question

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.

• A. True
• B. False

Answer 1

The correct option is A True

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.