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.

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