WAEC Commerce 1991 (August) Question 39

Question 39

Insurance

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

  1. A.burglary insurance
  2. B.fire insurance
  3. C.marine insurance
  4. D.annuity insurance
  5. E.comprehensive automobile insurance
Show the answer and explanation

Answer: C (marine insurance)

Explanation

Goods carried by sea are covered by marine (cargo) insurance.