Values unsold finished goods at the price at which they could have been sold at the time of a loss.
Insurance Encyclopedia
Manufacturing Location
A location which manufactures products for delivery to the insured’s customers under a sales contract. One of the four types of dependent properties for which business income coverage (Loss of Profits) may be underwritten.
Manufacturing location (Property Insurance)
A location contracted to produce product, which is then delivered to the insured’s consumers. Under business income coverage, one of the four categories of dependent properties.
Manuscript certificate of insurance
A nonstandard document for providing evidence of insurance coverages required by the certificate holder in a contract with the insured. Sometimes drafted in an effort to overcome the limitations of a standard certificate of insurance, manuscript certificate of insurance forms are often resisted because they require more information or place greater legal obligations on the party providing the certificate.
Manuscript form or policy
An insurance policy form that is custom designed for a particular insured.
Manuscript policy
A policy specifically written to include coverage or conditions not included in a standard policy. This type of policy is usually prepared by a larger brokerage for a larger account, in compliance with state laws.
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UK: A written policy based on the specific needs of a large commercial insured such as a major airline. The standard policy form is not suitable and at the request of the broker or risk manager the manuscript policy is drawn up.
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An insurance policy covering property or liability exposures (or both) that is uniquely assembled from standard or specially created forms to suit the needs of an insured. Endorsements may be manuscripted as well.
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Insurance Policy conditions typewritten or handwritten to include specific coverage or conditions not provide in a standard Policy. In any dispute over Policy language, the adhesion doctrine is modified for such a Policy.