Arkansas Insurance Adjuster Practice Exam

Which of the following would NOT be covered under a typical Ocean Marine policy?

1. The ship runs aground

2. Damage to cargo from a storm

3. Theft of merchandise

4. The owner sustains a financial loss when her vessel is confiscated by the government

The correct answer is: The owner sustains a financial loss when her vessel is confiscated by the government

Answer Explanation An Ocean Marine policy typically covers losses and damage related to maritime activities, such as damage to cargo or the ship itself. Theft of merchandise would also likely be covered. However, the confiscation of a vessel by the government would not be covered, as it falls under a different type of policy or insurance. Thus, option D is the correct answer as it is not typically covered under an Ocean Marine policy. The other options, A, B, and C, are all examples of events that would fall under a typical Ocean Marine policy and be covered.