Insurance   A layperson's glossary of insurance terminology.

#ABCDEFGHIJKLMNOPQRSTUVWXYZ

what is...
MARINE INSURANCE
Coverage for goods in transit, and for the commercial vehicles that transport them, on water and over land. The term may apply to inland marine but more generally applies to ocean marine insurance. Covers damage or destruction of a ship's hull and cargo and perils include collision, sinking, capsizing, being stranded, fire, piracy, and jettisoning cargo to save other property. Wear and tear, dampness, mold, and war are not included.
ALSO SEE: LLOYD'S OF LONDON

    Courtesy of the Insurance Glossary
    Copyright © 2006 by 20/20 Technologies