🔍 Key Concepts

• Marine insurance: Perils covered vs. exclusions • Difference between fortuitous (accidental) loss and inevitable/ordinary loss • Meaning of inherent vice (loss arising from the nature of the goods or vessel itself)

💭 Think About

• Which option describes a loss that results from an outside, accidental cause rather than from the natural condition or aging of the vessel or cargo? • Look at each choice and ask: Is this something that would normally be expected to happen over time, even without any accident or marine peril? • In marine insurance, underwriters typically cover maritime perils, not predictable, built‑in deterioration. Which choice best fits a true maritime peril?

✅ Before You Answer

• Identify which options describe normal, expected deterioration (these are usually excluded). • Identify which option involves external, accidental conditions at sea that could damage a vessel or cargo. • Before choosing, recall that inherent vice / natural decay / evaporation are generally not covered, while fortuitous maritime events usually are.