11 years ago 11 years ago

Marine Insurance Policies

by BMS Team 11 years ago11 years ago

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MARINE INSURANCE

Marine insurance is a contract under which the insurer undertakes to indemnify the insured against losses, caused due to perils of sea. It maybe defined as a form of insurance contract covering loss or damage to vessels or cargos or passengers during transportation on the high seas

MARINE INSURANCE POLICIES

Ø Time Policy
Ø Voyage Policy
Ø Mixed Policy
Ø Valued Policy
Ø Unvalued Policy
Ø Fleet Policy
Ø Blanket Policy
Ø Floating Policy
Ø Composite Policy
Ø Port Risk Policy
Ø Specific Cover Policy
Ø Open Cover Policy

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