Which Ocean Marine Coverage Provides Comprehensive Liability Insurance for Property

question 1

Multiple Choice

Which ocean marine coverage provides comprehensive liability insurance for property damage caused by the ship to piers and docks,damage to the ship's cargo,and injury to the passengers or crew?

• A)collision liability clause
• B)hull insurance
• C)freight insurance
• D)protection and indemnity insurance

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Definitions:

Rent Control

A government policy or law that limits the amount landlords can charge for leasing a home or apartment to prevent rapid increases in housing costs.

Equilibrium Prices

The market price at which the quantity of a good or service demanded equals the quantity supplied, leading to market balance.

Rental Housing

This term refers to properties available for rent, providing accommodation to individuals or families in exchange for regular payments to the owner or landlord.

Minimum Wage

The lowest legal amount that an employer can pay their workers, established by law or contract to ensure a minimum standard of living for employees.