Question

What is the purpose of splitting the cover into layers in cargo insurance?

a.

To reduce the overall premium cost for the insurer

b.

To provide protection against accumulation on shore

c.

To provide additional coverage for large GA claims

d.

To protect against inflationary impacts on claims values

Posted under IC85 Reinsurance Management

Answer: (c).To provide additional coverage for large GA claims Explanation:Splitting the cover into layers allows for a suitable extra to be added for large GA claims.

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Q. What is the purpose of splitting the cover into layers in cargo insurance?
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