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Marine insurance and marine cargo insurance coverage cover the loss or injury of vessels at sea or on inland waterways , and of cargo in transit, regardless of the methodology of transit. When the proprietor of the cargo and the provider are separate corporations, marine cargo insurance coverage typically compensates the owner of cargo for losses sustained from hearth, shipwreck, and so forth., however excludes losses that may be recovered from the provider or the carrier’s insurance coverage. Many marine insurance underwriters will embody “time factor” protection in such insurance policies, which extends the indemnity to cowl loss of revenue and other enterprise expenses attributable to the delay brought on by a covered loss.

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