Business Studies

State the following statement is True or False:
Accidental injuries or death risks are covered by marine insurance.


ANSWER

False


SOLUTION
Marine insurance is a form of the insurance contract which protects the insured against the loss from marine perils or loss by the impact of the sea. It insures ship hull, cargo, and freight. 
The insurer agrees to indemnify the loss due to damage of ship or cargo that occur from the risks incidental to sea.
Thus, marine insurance does not cover the loss of life or injuries due to accidents.
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TRUE/FALSE Medium Published on 18th 08, 2020
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