All marine insurance policies carry a general average clause.

Question

Quizplus · Accepted Answer

This is true. All marine insurance policies are required to include a general average clause, which is a provision designed to distribute the costs incurred by a vessel during an emergency situation, such as a fire or a grounding, among all parties involved in the voyage, including the cargo owners and the insurers. The purpose of this clause is to ensure fairness and equity in the event of a loss, and to encourage cooperation and mutual aid among all parties on board a vessel.

All Marine Insurance Policies Carry a General Average Clause