The insurance cover on property being shipped from one location to another comes under?

Assessment: WAEC SSCE - Commerce - 1991 (Objective) Subject: Commerce

Question 1 Report

The insurance cover on property being shipped from one location to another comes under?
Answer Details
The insurance cover on property being shipped from one location to another comes under marine insurance. Marine insurance is a type of insurance that provides coverage for goods or cargo being transported by water or air from one place to another. It protects the owner of the property from financial loss or damage caused by various risks such as sinking, piracy, collision, or theft during transportation. So, if you are shipping your property from one location to another, it is important to consider marine insurance to protect your valuable assets from potential risks and damages that may occur during transit.

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