Insurance Terms

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Jettison

A voluntary action to rid the ship of cargo in order to prevent further damage or peril.


Jewelers Block

An all risk Inland Marine form for retail jewelers that covers the insured's stock in trade and the property of others, while at the insured's premises, in transit and elsewhere.


Jones Act (Merchant Marine Act of 1920)

Allows seamen a remedy to sue their employer for negligence in the event of injury or illness incurred in service of the vessel.


Judicial Bond And Bonds Required By Courts

See Fiduciary bonds and Court bonds.