Question 22
InsuranceA businessman who undertakes the hull insurance policy is aiming at
- A.covering losses on damages to the cargo
- B.protecting injured crew in the ship
- C.averting payment of the freight
- D.covering damages to the body of the ship.
Show the answer and explanation
Answer: D (covering damages to the body of the ship.)
Explanation
The hull is the body of the ship, so hull insurance covers damage to the ship.