Which of the following statements about ocean marine insurance is true?

Question

Quizplus · Accepted Answer

Hull insurance is a type of ocean marine insurance that includes collision liability coverage for the ship's owner if the ship collides with another ship. Option A is false as ocean marine insurance provides coverage for perils of the sea. Option C is partially true as P&I insurance covers not just the shipper of goods, but also the ship owner and crew for liability claims arising from injury, death or damage to third parties. Option D is false as a particular average loss refers to a loss incurred to a ship or its cargo that is caused by a peril of the sea and is not a total loss.

Which of the Following Statements About Ocean Marine Insurance Is