What Does Port Risk Mean?

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What does Port Risk mean? Read on to discover the definition & meaning of the term Port Risk - to help you better understand the language used in insurance policies.

Port Risk

Port Risk

A type of coverage afforded a vessel that is laid up for an extended time period, normally in excess of 30 days. Coverage is provided for both physical damage and protection and indemnity.

We hope the you have a better understanding of the meaning of Port Risk.

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