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ICAL 2026: International Conference on Asian Libraries on Evolving Information Landscape: Making Libraries Future-Ready at IIM, Kashipur, Uttarakhand

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Webinar on AI for Libraries at https://meet.google.com/fey-fjee-mdr

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International Conference on Transforming Libraries: Innovation, Management, Smart Technologies and Creative Knowledge of Society for the Future at Hybrid Mode (Offline and Online)

December 12, 2025 at 9am to December 13, 2025 at 6pm
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Two-Days National Conference on Research Libraries: A Source to Adapt to Digital Form Using the Indian Knowledge Systems (IKS) in Promoting Social Science Research (NIKS-DR 2026) at Himachal Pradesh - Baddi , Soalan

February 27, 2026 to February 28, 2026
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Insurance of Library Books

How library books are insured and which insurance company insures books of library.

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Permalink Reply by Siddhartha Shankar Ray on July 10, 2018 at 20:03

Dear Ms. Indra Dubey,

Thanks for your post.

Library books can be insured through general Insurance companies (like Oriental Insurance, Co. New India Assurance Co. National Insurance Co. etc) 

Insurances are made in Lump-Sum on the basis of valuation.  

You may consult your accounts people about the nett worth of books after depreciations. For many institutions, these statements are mentioned in their Annual Reports.

There are different types of insurance against several issues; natural calamities (like Flood, Lightning, Earthquake etc.) Accidental/hazardous  issues, (Fires/theft/burglary etc.)

However, it requires fulfilling certain obligations as compelling necessities. The Insurance papers have detailed accounts for such pre-requisites.

I hope I could explain your query.

Sincerely,

Siddhartha S. Ray, Calcutta

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