Insurance Policies


Insurance policies are contracts between an insurer and the insured, which outlines the terms and conditions of the coverage provided. In the maritime context, insurance policies are used to protect against losses or damages to ships, cargo, and other maritime assets. There are various types of insurance policies available in the maritime industry, including hull and machinery insurance, protection and indemnity insurance, cargo insurance, and war risk insurance. These policies provide coverage for a range of risks, such as damage from collisions, piracy, natural disasters, and other perils. Insurance policies are essential for the maritime industry as they help to mitigate financial losses and ensure the smooth operation of maritime businesses.


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