which of the following is a type of marine insurance.
Answer Details
Hull insurance is a type of marine insurance.
Marine insurance covers losses or damages incurred during shipping and transportation of goods by sea, air, or land. Hull insurance specifically covers losses or damages to the vessel or ship itself, including its machinery and equipment. This type of insurance protects the owner of the ship in case of losses or damages to the ship, including those caused by accidents, natural disasters, or other unforeseen events.