Which of the following statements about marine insurance coverages is true?
A. Hull insurance limits coverage to the breakdown of a ship’s machinery and equipment.
B. Cargo insurance protects the shipowner for the loss of the earnings if a ship is lost of damaged and goods are not delivered.
C. Freight insurance covers the owner of cargo if the cargo is damaged or destroyed.
D. Protection and indemnity insurance provides liability insurance to the ship owner for bodily injury and property damage to third parties.
Answer:D
Which of the following statements about marine insurance coverages is true?
A. Hull insurance limits coverage to the breakdown of a ship’s machinery and equipment. B. Cargo insurance protects the shipowner for the loss of the earnings if a ship is lost of damaged and goods are not delivered. C. Freight insurance covers the owner of cargo if the cargo is damaged or destroyed. D. Protection and indemnity insurance provides liability insurance to the ship owner for bodily injury and property damage to third parties.