Commercial inland marine insurance is fairly broad and could include things such as mobile equipment, business contents stored at a non-owned location, equipment stored in a vehicle, goods being transported, construction materials awaiting installation, and even property on bridges or in communication ...
Learn about wrap-up insurance programs, why they are good for large construction projects, and the pros and cons of OCIPs vs. CCIPs.
Professional Assistance:Freight insurance often includes access to experienced professionals who can provide guidance and assistance throughout the claims process, ensuring a smooth experience in the event of a loss. It is crucial to carefully review the terms and conditions of the insurance policy to...
No abstract is available for this item.doi:10.1016/0308-597X(80)90051-2Underdal, ArildElsevierMarine PolicyUnderdal, A. (1980). Integrated Marine Policy: What? Why? How? Marine Policy, 4 (3), 159-169.Underdal, A., 1980. Integrated marine policy: what? Why? How? Mar. Policy 4 (3...
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(hereinafter referred to as "abandonment") is unique to marine insurance. concept It is a unique way of settling claims. The English word literally means abandonment and abandonment. It means that when the insurance accident causes the presumption of total loss of the insured object, the insured...
Usage-based insurance (UBI), also referred to as pay-per-mile, pay-as-you-drive, or pay-as-you-go, is a type of auto insurance that, depending on the specific insurer’s program, can measure how far a vehicle is driven, where it’s driven, and/or how it’s driven. UBI is ofte...
Extended Coverage (EC) insurance is a supplemental endorsement added to a standard fire policy. It provides additional protection against perils such as hail, windstorms, explosions, civil commotion, riots, vehicles, aircraft, and smoke. However, modern standard property policies often include these pe...
Life insurance is a contract made between an individual and an insurance company. The insured person pays a premium in exchange for the promise of a lump-sum payment.
A valued marine policy is a type of marineinsurance coveragethat places a specific value on the insured property, such as the hull or cargo of a shipping vessel, prior to aclaimbeing made. In the event of a loss, a valued marine policy will pay a specified, pre-determined amount—provide...