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Voyage and Time Policies In Marine Insurance Act 1963

Voyage and Time Policies In Marine Insurance Act 1963

[Post Image Courtesy of Stuart Miles at FreeDigitalPhotos.net]

Section 27 recognises two types of Marine insurance policies – a Voyage Policy and a Time Policy. A Voyage Policy, as the name suggests, provides insurance cover only for a particular voyage and expires at the end of the voyage. Time Policy, on the other hand, provides insurance coverage for a specific period irrespective of the expiry of the voyage. However, a Time Policy for a period exceeding one year is void.

Insurance Law And Practice - ICSI

About Author Mohamed Abu 'l-Gharaniq

when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries.

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