Which of the following is a type of marine insurance?

A. endowment
B. hull
C. fidelity
D. accident

Correct Answer: Option B

B. hull

Explanation

The Hull policy provides coverage for loss to vessels hull and machinery. it is a contract that provides indemnification for damage sustained to or loss of an insured vessel. i.e. it reimburses the assured for damage to the assured’s property if caused by one of the enumerated events covered in the policy.