Floating Fire Policy

What is Floating Fire Policy?

A type of insurance which you can prefer when the amount/volume of goods and commodities in your warehouse or workplace is likely to fluctuate during the term of the insurance which is included in the general conditions of fire insurance.

If the value of goods changes periodically Open Goods Insurance policy will be issued based on the highest insured value and updated general every 3 months. Therefore while paying the premium according to the value of goods in stocks you also have maximum coverage as specified in the insurance against damages during the periods when there are changes in the value of goods. This Insurance is also offered under the General Conditions of Fire Insurance.