Marine Insurance

It a type of insurance that covers the damages reacted to marine losses or on navigation actives goods on transit as well as the hull is insured under this marine insurance. This type of insurance is much important for Bushmen who involve in imports and export transactions.In navigations, Damages occurred due to fire, lightening, bursting, unfavorable weather conditions, technological defects, strikes; riots are covered in marine insurance.

Yet some natural damages such as perishing of goods can’t be insured under this insurance.

Marine Insurance is of two types

1.Hull insurance

2.Cargo insurance

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