Business Studies, asked by PragyaTbia, 1 year ago

Write short note on types of marine insurance policies.

Answers

Answered by aqibkincsem
1

Marine insurance are of primarily four types, namely hull insurance, cargo insurance, freight insurance and marine liability insurance; based on the type of protection coverage needed.

The common varieties of marine insurance policies offered by the insurance companies are voyage policy, time policy, mixed policy, floating policy, open or unvalued policy, and wagering policy.

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