Which of the Following Statements About Ocean Marine Insurance Is

question 7

Multiple Choice

Which of the following statements about ocean marine insurance is true?

• A)The coverage is narrow and excludes perils of the sea.
• B)Hull insurance includes collision liability covering the ship's owner if the ship collides with another ship.
• C)Protection and indemnity (P&I)insurance covers the shipper of goods for cargo losses.
• D)A particular average loss is a loss incurred only if a ship is totally lost or destroyed.