Covering a period of time: Usually one year. The set of clauses used here are called Institute (Time) Clauses
Marine and Aviation policies is the only branch of insurance that offer cover against War perils.
Ship owner has insurable interest - in the ship, in the freight to be earned during the period of insurance, in the amount spent by him in fitting out the vessel including provisions and stores. These expenses are termed disbursements and are insured conc
Aviation insurance: A comprehensive policy is also available for aircraft which covers loss or damage to the aircraft as also the legal liability to third parties and to passengers arising out of the operation of the aircraft
Compulsory Public Liability Policy - Public Liability Insurance Act, 1991 imposes liability on no fault basis on those who handle hazardous substances if a third party is injured or his property is damaged during the course of such handling. Compen
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