Various Types Of Insurance. Describe Marine Insurance.

List the various types of insurance. Describe marine insurance.

Answer: Types of Insurance: Following are the types of insurance:
• Personal Accident Insurance.
• Credit Insurance.
• Financial Loss Insurance.
• Life Insurance.
• Marine Insurance.
• Property Insurance.

Marine Insurance: Marine insurance covers the loss or damage of goods at sea. Marine insurance typically compensates the owner of merchandise for losses from fire, shipwreck, etc.

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