Question

 

Open cover and Open policy

08 Sep 2025
Answer :
Word Count : 187
Basis of DifferenceOpen CoverOpen Policy
MeaningAn agreement between the insured and the insurer to provide automatic insurance cover for all shipments within a specified period, usually 12 months.A marine insurance policy issued under an open cover agreement, providing continuous protection to all shipments without the need to ____ _____ ________ _____ ____ _____ _________ _______ ___ _______ ______.
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