JAMB Commerce 2010 Objective — Question 22
Question 22 of 50 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2010 Objective paper, with the correct answer and a full explanation.
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A businessman who undertakes a hull insurance policy is aiming at
- A. covering losses on damages to the cargo
- B. protecting injured crew in the ship
- C. averting payment of the freight
- D. covering damages to the body of the shipCorrect
Explanation
Hull insurance covers losses to the vessel itself from specified perils; usually there is a provision that marine hull should be covered only within specified geographic limits.
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