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Q.What is Marine Insurance?

Rajasthan RbseRajasthan Board Senior Secondary Part-I Commerce Examination 2025Subjective· 2mImportance★★★★★est
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Marine Insurance covers risks relating to the transport of goods and ships by sea.

Marine Insurance is a contract under which the insurer agrees to compensate the insured for losses relating to a marine venture — damage to the ship (hull insurance), the cargo/goods being carried (cargo insurance), or the freight charges — against perils of the sea such as sinking, co …

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