Marine Insurance
Marine Insurance Even though the air, road, and rail transports have advanced significantly these days, but the sea is still the most preferred mode of trade-related transport. In modern days as well the international trade is largely dependent on ships. As we all know sea routes are more exposed to the risks than rail, road, and air. Risks like collision, bad weather, etc. are very common with ships. All these hazards have given a rise to the requirement for the marine insurance. Marine insurance is a type of insurance that not only covers the ships against damage or loss, but also the cargo contained and being transported in it. What is Marine Insurance? Marine insurance offers coverage in case of damage or loss of cargo, ships, terminals, and any transport by which any property is acquired, trans...