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Marine insurance |
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MARINE INSURANCE, contracts. A contract by which one party, for a stipulated premium, undertakes to indemnify the other, against all perils or sea risks, to which his ship; freight or cargo, or some of them, may be exposed, during a certain voyage or fixed period of time. 1 Bouv. Inst. n. 1175, et seq. See Insurance Marine. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| It is intended to be used for expenses such as license fees, moorage fees, boat payments, boat insurance, safety equipment and related items. Do you offer additional coverages such as boat insurance and flood insurance? Program note: Sailors who participate in such courses often receive discounted rates for boat insurance. |
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