What is Marine Insurance?Marine insurance protects ships, cargo, terminals, and other water-transported property. It covers the loss or damage to ships and their cargo, as well as liability for injuries or damage caused by ships or their cargo. Marine insurance can protect against a variety of risks associated with marine transportation, such as storm damage, collisions, piracy, and other hazards. It is an essential form of protection for businesses involved in maritime trade and transportation, as well as individuals who own boats or vessels.
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