What are the three basic risks of marine cargo insurance in China? What is the difference between the coverage of the three basic insurances? A: According to the marine cargo insurance clauses revised in June 198 1 1, the basic risks of marine cargo insurance are divided into three types: FPA, WPA and all risks.

(1) FPA

The coverage of FPA is the narrowest of all marine insurance.

(2) wpa insurance

The insurance company's W. P.A. covers not only the above F. P.A., but also some losses of the insured goods caused by bad weather, lightning, tsunami, earthquake and flood.

(3) All Risks

All risks covered by an insurance company include all or part of the losses suffered by the insured goods in transit due to general external risks, in addition to the responsibilities of the above FPA and WPA.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.