Important Warranties in Marine Insurance

Important Warranties in Marine Insurance

Marine Insurance covers the loss or damage of ships, cargo, terminals, and any transport or cargo by which property is transferred, acquired, or held between…
Marine Perils

Marine Perils

Marine perils are the perils which are insured against in a polity of ocean Marine insurance. The- wording of the marine policy is the result…
Differences between Hull insurance and Cargo Insurance

Differences between Hull insurance and Cargo Insurance

Differences between Hull insurance and Cargo Insurance Marine Cargo insurance: Covers loss of or damage to the goods carried in a vessel or aircraft, whether…
Warranty

Warranty

In contract law, a warranty has various meanings but generally means a guarantee or promise which provides assurance by one party to the other party…
The Procedures of taking Marine Insurance Policies

The Procedures of taking Marine Insurance Policies

Marine insurance covers the loss or damage of ships, cargo, terminals, and any transport or cargo by which property is transferred, acquired, or held between…
Procedure of Settlement of Fire Insurance Claims

Procedure of Settlement of Fire Insurance Claims

Fire insurance is a specialized form of insurance beyond property insurance and is designed to cover the cost of replacement, reconstruction or repair beyond what…
Marine Insurance

Marine Insurance

Marine Insurance covers the loss or damage of ships, cargo, terminals, and any transport or cargo by which property is transferred, acquired, or held between the…
Distinguish between Partial Loss and Total Loss

Distinguish between Partial Loss and Total Loss

The partial loss is a damage that neither destroys the insured good or property nor renders it useless for its designed purpose. Total loss means…
Life Insurance Reinstatement Policy

Life Insurance Reinstatement Policy

Life Insurance Reinstatement Policy Reinstatement is the term for making a life insurance policy active again after it has lapsed. This policy is issued to…
Life Insurance Adjustable Policy

Life Insurance Adjustable Policy

Life Insurance Adjustable Policy This policy is nothing but an ordinary policy on the stock of the businessman with liberty to the insured to vary…
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