Which insurance covers costs and expenses related to marine transportation?

The correct choice relates to insurance specifically designed for the marine industry, particularly addressing the risks associated with the transportation of goods via water. This type of insurance is known as marine cargo insurance, which provides coverage for freight charges and other associated expenses during marine transportation. It protects against loss or damage to cargo while it is in transit over water, which is essential for shipping and logistics companies.

Marine transportation involves several financial risks, including those associated with the loss or delay of goods. This type of insurance not only covers the value of the cargo itself but also ensures that the costs incurred in shipping, such as freight tariffs and other disbursements, are reimbursed in the case of a loss. Therefore, selecting this option reflects an understanding of the specialized nature of marine insurance and its role in facilitating international trade and commerce.

In contrast, the other options refer to different types of insurance that do not specifically encompass marine transportation costs. Insurance of personal property relates more to individual property protection rather than goods in transit at sea. Insurance for marine workers addresses the liabilities and risks faced by personnel working on vessels rather than covering transportation expenses. Insurance of ship repairs focuses on the costs associated with maintaining and repairing the vessel itself rather than the cargo transported. Each of these options serves