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