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Marine Insurance

Marine insurance is a type of insurance that provides coverage for ships, cargo, and other maritime assets. It is designed to protect against risks and losses that may occur during marine transportation or while the goods are in storage.

This insurance plays a crucial role in the global shipping industry, as it ensures that the parties involved in the transportation of goods are financially protected in case of accidents, damages, or theft.

The coverage provided by marine insurance includes protection against perils such as fire, piracy, collision, and natural disasters. It also includes liability coverage for any damage caused to third parties. Marine insurance is essential for businesses involved in international trade, as it provides them with peace of mind and financial security in the unpredictable world of maritime transportation.