Ocean Marine Protection And Indemnity Insurance

Definition of "Ocean marine protection and indemnity insurance"

Coverage for bodily injury and property damage liability excluded under standard ocean marine insurance. Coverage includes protection of wharfs, docks, and harbors; bodily injury; cost of removing the wreck if ship is sunk; and the cost of disinfecting and quarantining a ship.

Search Real Estate Glossary

Related Real Estate Glossary terms

Related Real Estate FAQ