Marine insurance provides coverage against four types of losses corresponding to the four major classes of ocean marine insurance: 1- Hull insurance: Protects the owner of a vessel against loss to the ship itself. 2- Cargo insurance: written separately from the insurance on the ship, it protects the owner of the cargo from financial losses that result from its destruction or loss. 3- Freight insurance: When a vessel is lost this coverage indemnifies the shipowner for the loss of income that would have been earned at the end of the voyage. 4- Protection and Indemnity:P&I coverage is essentially liability insurance that protect the shipowner for the loss of income that would have been earned upon completion of the voyage. This is a brief description of Marine Insurance. This is not an insurance contract. Other terms and exclusions may apply. For specifics about Libano-Arabe's products and services and to help you figure out which coverage, limits and deductibles are right for you, contact your local Libano-Arabe agency.