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which of the following is a type of marine insurance.

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Commerce WAEC 2017

which of the following is a type of marine insurance.

  • endowment
  • hull checkmark
  • fidelity
  • accident

The correct answer is: B

Explanation

The Hull policy provides coverage for loss to vessels hull and machinery. it is a contract that provides indemnification for damage sustained to or loss of an insured vessel. i.e. it reimburses the assured for damage to the assured's property if caused by one of the enumerated events covered in the policy.

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