Question

Mention the different categories of marine insurance.​

Answer 1

Hull

Cargo

Fright revenue

Negligence

are the different categories of marine insurance.

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Answer 2

Answer:

Marine insurance protects from business losses incurred during water transport operations. While policies vary, there are four standard types: hull, cargo, freight revenue, and negligence.

Actual Total Loss:

Constructive Total Loss:

Particular Average Loss:

General Average Loss:

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