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Covering merchandise in shop

Do you know how the value of the contents of a shop are assessed in case of a merchandise in shop? Here's more.

Apnainsurance Research Bureau

24 Jan 2008

The contents of a shop are assessed on value provided at the time of purchasing the policy; i.e. the cost of buying a similar new item, after deducting appropriate depreciation, based on the age of the item. Shopkeepers' insurance is a package policy combining the various insurance requirements of small shopkeepers. It can be quite comprehensive and a few companies provide cover for all of the following risks:

Fire and Allied Perils

Burglary & Housebreaking

Money Insurance

Electronic Equipment / Reinstatement of Data and Software

Television / Video Equipments and Portable Computer / Mobile Phone

Breakdown of Electrical/Mechanical Appliances

Business Interruption and Increased Cost of Working / Loss of Profit

Neon Sign/Glow Sign

Plate Glass

Pedal Cycles


Personal Accident

Fidelity Guarantee

Public Liability Risk and Workmen's Compensation Policy

See also:

Covering your shop
Covering a rented shop

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