Question

What is Marine Insurance?
History of Marine Insurance?
Importance of marine insurance?
​

Answer 1

Answer:

ᴍᴀʀɪɴᴇ ɪɴsᴜʀᴀɴᴄᴇ ɪs ᴀ ᴛʏᴘᴇ ᴏғ ɪɴsᴜʀᴀɴᴄᴇ ᴘᴏʟɪᴄʏ ᴛʜᴀᴛ ᴘʀᴏᴠɪᴅᴇs ᴄᴏᴠᴇʀᴀɢᴇ ᴀɢᴀɪɴsᴛ ᴀɴʏ ᴅᴀᴍᴀɢᴇ/ʟᴏss ᴄᴀᴜsᴇᴅ ᴛᴏ ᴄᴀʀɢᴏ ᴠᴇssᴇʟs, sʜɪᴘs, ᴛᴇʀᴍɪɴᴀʟs, ᴇᴛᴄ. ... ɪɴsᴜʀɪɴɢ ᴛʜᴇ ɢᴏᴏᴅs ᴀɢᴀɪɴsᴛ ᴀɴʏ ᴜɴғᴏʀᴇsᴇᴇɴ ɪɴᴄɪᴅᴇɴᴛ sᴜᴄʜ ᴀs ᴀɴ ᴀᴄᴄɪᴅᴇɴᴛ, ᴄᴏʟʟɪsɪᴏɴ, ᴏᴠᴇʀᴛᴜʀɴɪɴɢ, ᴇᴛᴄ. ᴅᴜʀɪɴɢ ᴛʀᴀɴsɪᴛ ᴀʟsᴏ ᴍᴇᴀɴs ᴀ sᴇᴄᴜʀᴇᴅ ʙᴜsɪɴᴇss.

ᴍᴏᴅᴇʀɴ ᴍᴀʀɪɴᴇ ɪɴsᴜʀᴀɴᴄᴇ ʟᴀᴡ ᴏʀɪɢɪɴᴀᴛᴇᴅ ɪɴ ᴛʜᴇ ʟᴇx ᴍᴇʀᴄᴀᴛᴏʀɪᴀ (ʟᴀᴡ ᴍᴇʀᴄʜᴀɴᴛ). ɪɴ , ᴀ sᴘᴇᴄɪᴀʟɪᴢᴇᴅ ᴄʜᴀᴍʙᴇʀ ᴏғ ᴀssᴜʀᴀɴᴄᴇ sᴇᴘᴀʀᴀᴛᴇ ғʀᴏᴍ ᴛʜᴇ ᴏᴛʜᴇʀ ᴄᴏᴜʀᴛs ᴡᴀs ᴇsᴛᴀʙʟɪsʜᴇᴅ ɪɴ ᴇɴɢʟᴀɴᴅ. ʙʏ ᴛʜᴇ ᴇɴᴅ ᴏғ ᴛʜᴇ sᴇᴠᴇɴᴛᴇᴇɴᴛʜ ᴄᴇɴᴛᴜʀʏ, ʟᴏɴᴅᴏɴ's ɢʀᴏᴡɪɴɢ ɪᴍᴘᴏʀᴛᴀɴᴄᴇ ᴀs ᴀ ᴄᴇɴᴛʀᴇ ғᴏʀ ᴛʀᴀᴅᴇ ᴡᴀs ɪɴᴄʀᴇᴀsɪɴɢ ᴅᴇᴍᴀɴᴅ ғᴏʀ ᴍᴀʀɪɴᴇ ɪɴsᴜʀᴀɴᴄᴇ.

ʙᴇsɪᴅᴇs, ᴍᴀʀɪɴᴇ ɪɴsᴜʀᴀɴᴄᴇ ɪs ᴠɪᴛᴀʟ ᴀs ɪᴛ ᴅᴇʟɪᴠᴇʀs ᴘʀᴏᴛᴇᴄᴛɪᴏɴ ᴀɢᴀɪɴsᴛ ᴀɴʏ ʟᴏss/ᴅᴀᴍᴀɢᴇ ɪɴᴄᴜʀʀᴇᴅ ᴛᴏ ᴛʜᴇ sʜɪᴘ ᴀɴᴅ ᴛᴏ ᴛʜᴇ ᴄᴀʀɢᴏ, ᴡʜɪᴄʜ ᴛʜᴇ sʜɪᴘ ɪs ᴛʀᴀɴsᴘᴏʀᴛɪɴɢ. ᴡʜᴇᴛʜᴇʀ ʏᴏᴜ ᴏᴡɴ ᴀ ʏᴀᴄʜᴛ ᴏʀ sʜɪᴘ ғᴏʀ ᴀɴʏ ᴄᴏᴍᴍᴇʀᴄɪᴀʟ ᴏʀ ᴀɴʏ ᴛʀᴀɴsᴘᴏʀᴛᴀᴛɪᴏɴ ᴘᴜʀᴘᴏsᴇ, ᴍᴀʀɪɴᴇ ᴄᴀʀɢᴏ ɪɴsᴜʀᴀɴᴄᴇ ᴘᴏʟɪᴄʏ ᴡɪʟʟ ᴘʀᴏᴛᴇᴄᴛ ʏᴏᴜ ғʀᴏᴍ ᴇᴠᴇʀʏ ᴍᴀʀɪɴᴇ-ʀᴇʟᴀᴛᴇᴅ ʀɪsᴋs.

Mark me as a brainliest,

Keep learning❤

Answer 2

Answer:

1. Marine Insurance — a type of insurance designed to provide coverage for the transportation of goods either on the ocean or by land as well as damage to the waterborne instrument of conveyance
2. Modern marine insurance law originated in the Lex mercatoria (law merchant). In 1601,
3. Besides, marine insurance is vital as it delivers protection against any loss/damage incurred to the ship and to the cargo

KYA APKO MARINE INSURANCE CHAIYE??