___________ policy is taken to cover different risks for a single shipment.
Specific cover policy is taken to cover different risks for a single shipment.
A specific cover policy is a type of marine insurance policy that provides coverage for a specific shipment or cargo, rather than for an entire fleet of ships or a specific period of time.
This type of policy is typically taken out by businesses or individuals who need to transport goods or cargo by sea, and who want to protect themselves against the risks of loss, damage, or theft.
The specific cover policy is designed to cover the specific risks associated with a particular shipment or cargo.
This may include risks such as damage to the cargo due to rough seas, theft or pilferage, or damage caused by accidents or other incidents during transportation.
By taking out a specific cover policy, the policyholder can ensure that they are fully protected against the specific risks that they face, rather than having to rely on more general insurance policies that may not provide adequate coverage.