Search Results for: Sinking machinery
there are two primary types of named perils policies: free of particular average (fpa) - covers stranding, sinking, burning, collision, fire, lightning, crash. with average (wa) - this is not a common type of policy anymore. it covers stranding, sinking, burning, collisions, heavy weather, fire, lightning
by - shipment policies (through a carrier) if you are insuring your goods shipment-by-shipment, you are most likely not covered for the following: acts of god - e.g. heavy weather, earthquake, lightning, etc. acts of war - acts of strikes, riots or civil commotions latent defects in the hull or machinery...
http://traderiskguaranty.com/marine-cargo-insurance/