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Which marine insurance term refers to the goods or property being shipped?

A. Cargo

B. Premium

C. Underwriting

D. Deductible

1 Answer

5 votes

Final answer:

In marine insurance, the term that refers to the goods or property being shipped is Cargo. It is the main subject of the insurance policy, which provides coverage for these items. Therefore, the correct option is A.

Step-by-step explanation:

The term in marine insurance that refers to the goods or property being shipped is A. Cargo. Marine insurance policies are designed to provide coverage for the loss or damage to these goods while they are being transported over water. The term Premium refers to the payment made by the insured to the insurance company for coverage.

Underwriting is the process by which an insurer evaluates the risk of insuring a particular piece of cargo. Lastly, Deductible is the amount that the insured must pay out of pocket before the insurance company pays a claim.

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