Business Studies

Select the option from the choices given below:
Marine insurance policy is generally issued for goods in ______.


Answer & Solution

voyage


SOLUTION
A marine insurance contract is an agreement whereby the insurer undertakes to indemnify the insured in the manner and to the extent thereby agreed against marine losses. The insurer guarantees to make good the losses due to damage to the ship or cargo arising out of the risks incidental to sea voyages.
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Single Correct Medium Published on 18th 08, 2020
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