The insurance policy which provides full cover against all risks at seas is known as:...
The insurance policy which provides full cover against all risks at seas is known as:
- A) policy with particular average
- B) policy free of particular average
- C) marine freight insurance
- D) marine voyage policy insurance
Correct Answer: D) marine voyage policy insurance
Explanation
This question is asking about the type of insurance policy that provides full coverage against all risks at sea. The correct answer is Option D: marine voyage policy insurance.A marine voyage policy insurance is a type of insurance policy that provides coverage for goods or cargo while they are being transported by sea. It offers protection against various risks such as theft, damage, or loss during the voyage. This policy is designed to cover the entire journey and provides comprehensive coverage for the goods or cargo.
In contrast, the other options mentioned in the question are different types of marine insurance policies. A policy with particular average (Option A) provides coverage for partial damage or loss to the cargo. A policy free of particular average (Option B) provides coverage for total loss or damage to the cargo, excluding partial losses. Marine freight insurance (Option C) provides coverage for the cost of transporting the goods or cargo by sea, but may not cover all risks during the journey.
Therefore, the correct answer to this question is Option D: marine voyage policy insurance, as it provides full cover against all risks at sea.