Marine insurance covers the loss or damage caused to the goods during transit between the point of origin and destination. The insurance policy also provides coverage for the exposed goods, kept onshore or offshore, marine liability or casualty and hull.
What are the features of a marine insurance?
Marine insurance covers the loss or damage of ships, terminals, cargo, and any transport by which goods are transferred, acquired, or held between the points of origin and the final destination.
What are the features of insurance?
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 and to the liability for third parties arising out of the process.