Which of the following statements about ocean marine insurance coverag

Which of the following statements about ocean marine insurance coverages is (are) true?

I. Hull insurance limits coverage to the breakdown of a ship’s machinery and equipment.
II. Protection and indemnity insurance provides liability insurance to the ship owner for bodily injury and property damage to third parties.
A) I only
B) II only
C) both I and II
D) neither I nor II

ANSWER

Answer: B