Chapter 14. Ocean and Inland Marine Insurance
Terms you'll need to understand:
Hull insurance
Cargo insurance
Freight insurance
Protection and indemnity insurance
Trip or voyage coverage
Open cargo coverage
Perils of the sea
Jettison
Barratry
General average loss
Particular average loss
Annual transit policy
Trip transit policy
Motor truck cargo policy
Concepts you'll need to master:
Warehouse to warehouse coverage
Implied warranties
Nationwide definition
Commercial property floaters
Filed versus nonfiled forms
Domestic shipments
Instrumentalities of transportation and communication
Bailee's customer policies
Equipment floaters
Business floaters
Dealers policies
Marine insurance is a type of insurance that protects property wherever it is—on land or sea. There are two types ...
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