Which risk is covered under marine insurance policy

Marine insurance covers the loss/damage of ships, cargo, terminals, and includes any other means of transport by which goods are transferred, acquired, or held between the points of origin and the final destination. The term originated when parties began to ship goods via sea.

What are the risks covered under marine insurance?

The Marine Cargo Insurance policy covers the occurred loss or damage to property caused due to: Natural disasters like cyclones, earthquakes, lightning, etc. Man-made disasters like theft, violence, and piracy of ships. Collision, overturning, or derailment of land conveyance.

Which of the following is covered under marine cargo insurance?

Marine Insurance doesn't offer any coverage in the following cases: Loss or damage due to the willful act of negligence and misconduct. Any loss or damage due to delay. Loss or damage due to improper packing.

Which of the following is not covered under marine insurance policy?

The two types of marine insurance are marine cargo insurance and hull insurance.