marine insurance

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Inland Marine Insurance • marine insurers are allowed to insure property in the following categories: • • Imports and exports; • • Domestic shipments; • • Instrumentalities of

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TYPES OF POLICY 1) Time policy 2) Voyage policy 3) Mixed policy 35 35















1) Time policy • A certain time limit • usually not ex exceeding ceeding 12 months. • In using a time policy, the most important question is whether

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2) Voyage policy • This is a policy that operates for the

















3) Mixed policy

• This is a policy that covers the

































Common Exclusions Loss, damage or expenses attributable to willful misconduct of the assured Ordinary losses



































Marine Insurance









































































Calculation of











































































































































marine insurance

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