New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    This broad type of coverage was developed for shipments

    that do not involve ocean transport is known as?
    A Double Insurance Correct Answer Incorrect Answer
    B Inflation Guard Clause Correct Answer Incorrect Answer
    C Inland Marine Insurance Correct Answer Incorrect Answer
    D Gap Insurance Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Insurance provided to cover the loss to movable or moving property that is a subset of ocean marine insurance. The insurance policy covers the property while in transit including while crossing an ocean, and utilizing bridges and tunnels as a method of transportation.

    Practice Next