An exporter who exports frequently should use an open (blanket) insurance policy rather than a special policy

Question

Quizplus · Accepted Answer

An open (blanket) insurance policy is a better option for frequent exporters as it covers all shipments made during a specified period, whereas a special policy is issued for a single shipment, and the exporter needs to acquire a new policy for every shipment. Using an open (blanket) insurance policy saves time and money for the exporter.

An Exporter Who Exports Frequently Should Use an Open (Blanket)