Texas All Lines Adjuster Practice Test

What type of insurance protects property being transported overseas?

1. Aviation Insurance

2. Ocean Marine Insurance

3. Comprehensive Marine Insurance

4. Transport Insurance

The correct answer is: Ocean Marine Insurance

Ocean Marine Insurance covers the risks associated with transporting goods and property over water, specifically during their journey across oceans and seas. This type of insurance is tailored to the unique aspects of marine transport, which may include various hazards such as storms, piracy, or collisions that can jeopardize the safety of the cargo. Ocean Marine Insurance typically encompasses different types of coverage including hull insurance for the vessel itself, cargo insurance for the goods being transported, and protection and indemnity insurance to cover liability arising from maritime operations. In contrast, the other options do not specifically focus on the maritime aspect of transporting property overseas. Aviation Insurance pertains to air transport, Comprehensive Marine Insurance is often a broader term but does not necessarily specify ocean transport, and Transport Insurance might refer to land transport, not exclusively for overseas journeys. Therefore, Ocean Marine Insurance stands as the most appropriate and specialized form of coverage for property in transit on international waters.