Marine Insurance: Types & Functions
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1. What is Marine Insurance? Marine insurance provides coverage for damage or loss of goods during transit from the point of origin to the final destination, including storage. It applies to goods transported by sea, air, or land. 2. What types of goods are covered under Marine Insurance? Goods in transit such as machinery, vehicles, coal, ferro silicon, electronics, liquor, edible goods, and raw materials are covered. 3. What modes of transport are covered? Marine insurance covers goods transpo
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