The two main categories under which marine losses fall into are
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Correct Answer: Option A
Explanation:
Marine losses are broadly classified into total loss and partial loss. A total loss occurs when the insured property is completely lost, while a partial loss occurs when only part of the property or its value is lost or damaged.
Marine losses are broadly classified into total loss and partial loss. A total loss occurs when the insured property is completely lost, while a partial loss occurs when only part of the property or its value is lost or damaged.