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Business Studies

Marine Insurance

Select the op...

Question

Select the option from the choices given below:
A ________ covers goods kept at different places.

A

valued policy

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B

floating policy

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C

comprehensive policy

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D

none of these

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Solution

The correct option is B floating policy
A marine insurance policy where only the amount of claim is specified and all other details are omitted till the time the ship embarks on its journey, is known as floating policy. For clients who undertake frequent trips of cargo transportation through waters, this is the most ideal and feasible marine insurance policy.

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Similar questions

Select the option from the choices given below:

______ is a kind of marine policy which covered risk for a fixed period.

Q. Select the correct option from the options given below and rewrite the sentences.

Cottage industries are specialized in _______.

(a) Luxury goods
(b) imported goods
(c) consumers goods

Q. Select the proper option from the options given below and rewrite the sentences.

One price shop sales the goods at ________ prices.

(a) High
(b) Low
(c) Fixed

Q. Select the proper option from the options given below and rewrite the sentences.

A retailer purchases goods from ________.

(a) Wholesaler
(b) Producer
(c) Customer

Select a word, term or a phase which can substitute the statements:

An insurance policy, covering goods of different types of lying at different places.

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