The Three Types of Losses Generally Covered by Marine Insurance

question 10

Multiple Choice

The three types of losses generally covered by marine insurance policies include all but which of the following?

• A) Total losses of all or part of a shipment
• B) Weighted average losses
• C) General average losses
• D) Partial or particular average losses

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Definitions:

Forged Signature

A signature that has been illegally copied or fabricated without the authorized person's consent.

Checking Account

A bank account from which withdrawals can be made using checks, ATMs, or debit cards, often without restrictions.

Warranties on Presentment

Guarantees made by a seller or issuer to a presenting party, typically regarding the validity or quality of a negotiable instrument at the time it’s presented.

HR

An abbreviation for Human Resources, referring to the department responsible for managing aspects of employment such as recruitment, training, and compliance.