marine insurance

Definition of "marine insurance"
  1. A type of coverage that protects against damage or loss of cargo, or the vehicles used for its transport on land, sea, or air
How to use "marine insurance" in a sentence
  1. A company dealing in international trade secured marine insurance to safeguard against any financial loss due to goods damage during transport.
  2. After an incident where their ship was hit by a storm, the shipping firm was relieved they had marine insurance to cover the damages.
  3. Marine insurance plays a critical role in mitigating the risks involved in transporting goods overseas.

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