All of the following are among the broad classes of Ocean Marine Insurance, EXCEPT:

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Prepare for the Florida Claims Adjuster (6-20) Test. Use flashcards and multiple choice questions, with hints and explanations for each question. Ace your exam!

Multiple Choice

All of the following are among the broad classes of Ocean Marine Insurance, EXCEPT:

Explanation:
The main idea here is how Ocean Marine Insurance is organized into the broad lines of coverage. The three common broad classes are hull (the ship itself), cargo (the goods being carried), and freight (the earnings from transporting the cargo). Barratry is not one of these broad classes; it refers to deliberate wrongdoing by the ship’s master or crew (such as fraud or illegal acts) and is treated as a peril or risk within policies, often addressed by special endorsements or exclusions rather than as a separate broad class. So barratry is the exception.

The main idea here is how Ocean Marine Insurance is organized into the broad lines of coverage. The three common broad classes are hull (the ship itself), cargo (the goods being carried), and freight (the earnings from transporting the cargo). Barratry is not one of these broad classes; it refers to deliberate wrongdoing by the ship’s master or crew (such as fraud or illegal acts) and is treated as a peril or risk within policies, often addressed by special endorsements or exclusions rather than as a separate broad class. So barratry is the exception.

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