marine insurance

American  

noun

1. ocean marine insurance.

2. inland marine insurance.

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marine insurance British  

noun

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

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Etymology

Origin of marine insurance

First recorded in 1795–1805

Example Sentences

Most marine insurance policies don’t apply within war zones.

From Barron's • Mar. 2, 2026

The collapse of a bridge in the US city of Baltimore will result in the largest single marine insurance loss ever, a British insurance marketplace said.

From BBC • Mar. 28, 2024

Odds and ends from the book — references to Cairo, the business of marine insurance — get new weight and a different context.

From Los Angeles Times • Mar. 24, 2023

Western marine insurance providers, known as P&I clubs, have so far declined to comply with this request, saying it is unusual and could increase their own risk of being in breach of the Western sanctions.

From New York Times • Dec. 9, 2022

We have already seen the losses inflicted upon British commerce by our privateers reflected in the rapidly increasing cost of marine insurance.

From American Merchant Ships and Sailors by Abbot, Willis J. (Willis John)