Question

29.) Prateek Yadav sent the consignment of the sacks of rice to his
importer in London in the vessel of Shreya Shipping & Logistics
Company. Prateek Yadav got his consignment insured against the sea
perils. There were few rodents on the ship. They made holes in the
deck of the ship and damaged Prateek Yadav's goods.
On the basis of the given information about Prateek Yadav, answer
the following questions:
(a) Identify the type of insurance policy Prateek Yadav has taken for
protection of his consignment.
(b) What are the three main types of insurance policy highlighted in
part (a)?
(c) Do the insurance company is liable to pay the compensation?
Explain the relevant principle of insurance applicable.​

Answer 1

Answer:

A)MARINE INSURANCE

B)SHIP OR HULL INSURANCE

FREIGHT INSURANCE

CARGO INSURANCE

C) NO THE COMPANY IS NOT LIABLE TO PAY THE COMPENSATION

THE PRINCIPLE BEING PROXIMATE CAUSE (CAUSA PROXIMA)

WHICH STATES THAT the insurance company is liable to indemnify the insured only when the particular on nearest cause is covered by the policy. here the particular on nearest cause is not Marine perils but rodents which is a remote cause