marine insurance

noun

1. ocean marine insurance.
2. inland marine insurance.

marine insurance

noun

1. insurance covering damage to or loss of ship, passengers, or cargo caused by the sea

Word History and Origins

Origin of marine insurance¹

First recorded in 1795–1805

Example Sentences

The oldest class of business in the commercial world is marine insurance — so, the transportation of cargoes and the underwriting of ships.

From Freakonomics

It also doubled the rates of marine insurance; which was the most grievous damage of all.

From Project Gutenberg

The expense of reconditioning and rebagging is generally borne by the marine insurance companies.

From Project Gutenberg

Hence the modern employment of the term for particular and general average (see below) in marine insurance.

From Project Gutenberg

Marine insurance contracts are dissolved by the outbreak of war except where the risk insured against had already been incurred.

From Project Gutenberg

They raised the rates of British marine insurance, but they did not dethrone the mistress of the seas.

From Project Gutenberg