A manager would like to insure marine cargo for a 12-month period. Which of the following policies would be best to provide coverage for all of the shipment during this period?
A) Open
B) Special cargo
C) All-risks
D) Warehouse to warehouse

Question

Quizplus · Accepted Answer

An Open policy is designed to cover all shipments over a specified period, typically 12 months, providing continuous coverage for multiple shipments without needing to insure each one separately.

A Manager Would Like to Insure Marine Cargo for a 12-Month