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.
Popular Insurance Terms
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Sum the insurance company is legally obligated to pay an insured for losses incurred. ...
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