Marine Insurance

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Marine Insurance?

Marine insurance is an insurance against various risks or the interest of shippers, consignees, distributors, and others in goods and merchandise shipped primarily by water or, if in foreign trade, also by air, sea and land. The extents of coverage are for the losses due to accident, fire, collision, bad weather theft, pilferage, non-delivery, breakage, and leakage, depending on the cover sought and warranties imposed

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