Final answer:
The statement is true; ocean marine cargo insurance policies typically cover goods throughout various forms of transport including land, rail, or air, as part of the complete transit from origin to destination.
Step-by-step explanation:
The statement that an ocean marine cargo insurance policy insures all forms of transportation incidental to the ocean voyage, including transportation by land, rail, or air, is True. These comprehensive policies are designed to provide protection for goods throughout the entire transit process, starting from when the goods leave the warehouse until they reach their final destination. This type of insurance typically covers various risks associated with global trade and modern transportation, such as damage or loss during stowaway, water transportation, or when cargo is being handled through different mediums like vehicles or refrigerated cargo ships. Cargo insurance has historically played a significant role in maritime activities, symbolized by events like the insurance of slave voyages during the Atlantic crossing, where the outcome of insurance claims could have devastating human consequences.