Merchandise Coverage

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August 25, 2024 3 min read Definitions
Floor Plan Insurance: Coverage for Securing Loans with Merchant Property
Insurance Finance Banking Floor Plan Insurance Loan Security All Risk Policy Merchandise Coverage Lender Protection
Floor Plan Insurance provides coverage for lenders who have accepted property on the floor of a merchant as security for a loan. The policy indemnifies the lender if the merchandise is damaged or destroyed, covering all risks.
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