A businessman who undertakes the hull insurance policy is aiming at?

A. concerting losses on damages to the cargo
B. protecting injured crew in the ship
C. averting payment of the freight
D. covering damages to the body of the ship

Correct Answer:

Option D – covering damages to the body of the ship

Explanation

Hull insurance is an insurance policy especially designed for covering ship damage expenses. Where the ‘Hull’ refers to the main body of the ship.