The type of loss covered by a marine insurance policy when cargo is damaged,destroyed,or sacrificed in the process of saving the vessel or the cargo of others is a:

Question

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A general average loss occurs when cargo is deliberately thrown overboard or sacrificed in order to save the vessel or the cargo of others. In this situation, all parties share the loss proportionally based on the value of their property at risk. This type of loss is covered by a marine insurance policy under the general average clause.

The Type of Loss Covered by a Marine Insurance Policy