Discuss about a shipper obtains a marine insurance policy

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Reference no: EM131951609

A shipper obtains a marine ( cargo) insurance policy for $25.000.00 on goods that had a real or market value of $8,000.00.

If the goods are lost at sea, is the insurance company liable for $25,000.00, $8,000.00 or nothing. Support your answer

Reference no: EM131951609

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