Which of the following is a type of marine insurance ______?

A. Endowment
B. Freight
C. Accident
D. Fidelity
E. Fire

Correct Answer:

Option B – Freight

Explanation:

Marine Insurance is a type of insurance that covers cargo losses or damage caused to ships, cargo vessels, terminals, and any transport in which goods are transferred or acquired between different points of origin and their final destination. There are four standard types: hull, cargo, freight revenue, and negligence. Insureds may select all four types or use a cafeteria plan approach.