Unit 9: Insurance

The company will ___________ the policy holder against loss of of damage to the insured vehicle

Ships' cargoes are covered by ________ insurance policies.

A flexible type of insurance, for 12 months, at agreed rates is _________

The most complete insurance is against _________

__________ is a standard form contract between, the insured and the insurer, which determines the claims that the insurer is legally required to pay.

___________ is payments to the insurance company to buy a policy and to keep it in force.

is the losses/ damages caused by special expenses and sacrifices that

intentionally and reasonable conducted to save the vessel, cargo and freight from, a threat in the common ocean voyage

The party to an insurance arrangement who undertakes to indemnity for losses is the ___________

the person or entity buying the insurance and receiving indemnity on happening of unforeseen events

The person, group, or property for which an insurance policy is issued is _______