What does Ocean Marine Insurance mean? Read on to discover the definition & meaning of the term Ocean Marine Insurance - to help you better understand the language used in insurance policies.
Ocean Marine Insurance
Ocean marine insurance is insurance that covers a number of different risks associated with the transportation of goods across the ocean. It is common for ocean marine insurance to cover the vessel itself, or the hull, the cargo, the revenue that the shipping company stands to make, and liabilities associated with shipping.
We hope the you have a better understanding of the meaning of Ocean Marine Insurance.