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Marine insurance is more than just marine insurance as we will learn marine insurance
really is the mother of all insurance. All insurances have derived from marine insurance
so your property insurance, your motor car insurance, your fire insurance, your insurance
on your house, on your personal contents, your travel insurance, liability insurance
? that?s the insurance which doctors, dentists, lawyers, everybody takes out just in case
they?re found liable for something. All of those concepts of insurance derived initially
from marine insurance. So in that way if you study marine insurance you won?t just be focussing
on ships and their cargoes. You will actually be covering a lot of topics that derive from
marine insurance which have been put into general principles of insurance.
We?ll cover topics such as whether you are allowed to insure particular property. That?s
called insurable interest, what you have to tell an insurer at the time of taking out
a contract, non-disclosure and mis-representation. We?ll be looking at the risks you?ll be insuring
against and we?ll be looking throughout the whole of general insurance principles to see
particularly how they apply in the marine context but more widely as well. Marine insurance
will stop you looking na�ve and rather simple when you get into the real world because just
about everything now is insured. As far as teaching is concerned if lots of
you do Marine Insurance, as I hope you do then the teaching will be me lecturing to
handouts. If there are a lot of you that chose to do Marine Insurance then you will, towards
the end be split into smaller groups so that we can have more interactive discussions,
you can ask more questions and we can go through any questions you may have.