Consignment Insurance


  • A type of insurance policy that provides coverage for items on consignment, loan, in the process of a transfer of ownership, or up for auction. For example, consignment insurance can be used to cover a painting on loan to a museum.

consignment agreement insurance

Related Terms and Acronyms

  • Conditional Sales Floater Definition,
    • Insurance that covers losses on property sold conditionally or on an instalment plan.
  • Floater Insurance Definition,
    • Insurance that covers assets not commonly covered by an existing policy such as electronics or jewelry.
  • Insurance (insur) Abbreviation,
    • An arrangement where one party provides financial protection to another party for specific damages or losses.
  • Liability Insurance Definition,
    • Insurance that provides coverage for damages caused by an individual or entity's negligence or legal responsibilities.
  • Personal Property (PP) Acronym,
    • Property that is movable and not permanently attached to a dwelling or structure.
  • Property Insurance Definition,
    • Insurance that provides coverage for damages to property from a number of perils.
  • Rider Definition,
    • Additional insurance coverage that can added onto another insurance policy.
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