direct covered
Definition
Marine insurance provision that a shipment is protected under a policy only if it follows a particular route and/or timeframe. In case the shipment deviates from that route and/or is delayed, the insurer must be immediately notified and additional premium paid to continue the cover. Also called held covered.
direct covered is in the General, Marine, & Life Insurance and International Trade & Relations subjects.
direct covered appears in the definition of the following term: held covered
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