Marine Insurance
Legal Definition of marine insurance. : insurance against loss by damage to or destruction of cargo or the means or instruments of its transportation whether on land, sea, or air — see also inland marine insurance, ocean marine insurance.
Marine Cargo insurance
- Cargo insurance (also known as marine, shipping or freight insurance) covers the loss, damage or theft of commodities while in transit
Marine Hull Insurance
- Marine Hull Insurance covers physical loss or damage to the hull and machinery which constitute the ship itself