Purchase of this book includes free trial access to www.million-books.com where you can read more than a million books for free. This is an OCR edition with typos. Excerpt from book: CHAPTER III TYPES OF POLICIES General Survey.? Marine insurance probably presents a larger variety of policies than any other class of insurance. An examination of the various types of contracts written in the United States shows that numerous titles are used to designate them according to the subject matter insured or the particular method of assuming the risk. While a comparison of the different types reveals that the phraseology varies considerably, a closer examination, whether with regard to vessel, cargo, or freight policies, will show that they all have been adapted to the particular risk from a common form, and that despite variations the basic portion of the contract is approximately the same. The only real difference exists in the adaptation of the contract to certain particular conditions, and not in the essential form or content of the document itself. To an increasing extent, also, special agreements in the form of clauses or endorsements are being standardized so that their application by numerous companies, as occasion requires, will be approximately the same, thus giving to the insuring public the advantage of the certainty that results from uniformity of phraseology and usage. With reference to hull risks, some policy forms are general in their application, while others are limited to particular risks. Thus there are so-called "vessel policies," "vessel and freight policies," " sailing vessel policies," " steamboat policies only," " tug policies," " stranding or collision policies only," " lighterage policies," " yacht policies," " fishing policies," etc. Some policies are adapted to meet the needs of special trades, such as " Great Lakes or river traffic policies," " canal hull policies," " river cargo policies," and " lake cargo and vessel policies." Spec...