A "Block" policy in Inland Marine insurance refers to what type of coverage?

A "Block" policy in Inland Marine insurance specifically refers to coverage for a group of items or personal property that can be transported or moved. This type of policy typically applies to items that are not fixed to one location and therefore fits well within the definition of a Personal Property Floater.

Personal Property Floaters are designed to cover personal belongings, such as jewelry, art, or collectibles, while they are being transported or while they exist away from the owner's primary premises. The "Block" designation helps in providing coverage for multiple items under a single policy, simplifying the insurance process for items that may be difficult to insure separately.

The other choices do not align with the meaning of a Block policy in the context of Inland Marine insurance. Liability Coverage would focus on protection against claims or lawsuits due to negligence, which is separate from property coverage. A General Business Policy typically covers comprehensive risks in a business environment, and a Property Damage Policy generally concerns damage to property in a specific location rather than covering personal property that is movable. Thus, the alignment of the Block policy with Personal Property Floaters makes it the correct choice.