marine insurance


Origin:
1795–1805

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World English Dictionary
marine insurance
 
n
insurance covering damage to or loss of ship, passengers, or cargo caused by the sea

Collins English Dictionary - Complete & Unabridged 10th Edition
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Encyclopedia Britannica
Encyclopedia

marine insurance

contract whereby, for a consideration stipulated to be paid by one interested in a ship or cargo that is subject to the risks of marine navigation, another undertakes to indemnify him against some or all of those risks during a certain period or voyage.

Learn more about marine insurance with a free trial on Britannica.com.

Encyclopedia Britannica, 2008. Encyclopedia Britannica Online.
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Example sentences
Marine insurance is divided into inland marine and ocean marine insurance.
Woods stated he thought this to be marine insurance and therefore exempt from our regulation.
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