Which of the following statements about ocean marine insurance coverages is (are)true?
I.Hull insurance limits coverage to the breakdown of a ship's machinery and equipment.
II.Protection and indemnity insurance provides liability insurance to the ship owner for bodily injury and property damage to third parties.

Question

Quizplus · Accepted Answer

Statement I is false because hull insurance covers physical damage to the ship's structure and equipments. Statement II is true because protection and indemnity insurance provides liability coverage to the ship owner for bodily injury and property damage to third parties.

Which of the Following Statements About Ocean Marine Insurance Coverages