Multiple choice

In Fleet Policy of marine insurance

  1. Several ships belonging to the same owner are insured for one sum and one premium

  2. The subject matter is insured for a specified period

  3. Subject matter is insured for a particular for a particular voyage irrespective of time involved in it

  4. The risk on land is also covered
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Right answer because in Fleet Policy several ships belonging to the same owner are insured for one sum and one premium. This saves shipping company from the botheration of arranging a seperate policy for each vessel. For instance a shipping company owns four ships and takes one policy for the four ships.

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