Which of the following statements about ocean marine insurance is true?

Insurance

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Which of the following statements about ocean marine insurance is true?

Options

A) It usually covers the peril of war
B) Hull insurance includes collision liability covering the ship’s owner if the ship collides with another ship.
C) Protection and indemnity (P&I) insurance covers the shipper of goods for cargo losses
D) A particular average loss is a loss incurred only if a ship is totally lost or destroyed.

Answer: B

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