Question

What are the two broad categories of hull insurance?

a.

Cargo and local crafts

b.

Ocean-going vessels and local crafts

c.

Ocean-going vessels and tankers

d.

Cargo and tankers

Posted under IC85 Reinsurance Management

Answer: (b).Ocean-going vessels and local crafts Explanation:Hull insurance falls into two broad categories - ocean-going vessels, including bulk carriers, tankers, and OBOS, and local crafts such as barges, lighters, launches, tugs, dredgers, trawlers, etc.

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Q. What are the two broad categories of hull insurance?
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