Legal Definitions - mixed policy

A mixed policy is a type of insurance policy that combines aspects of both a voyage policy and a time policy in marine insurance. It is a contract of insurance that details the terms and conditions of coverage.

For example, a mixed policy may cover a vessel or its cargo during a specified voyage, but also provide coverage for a certain period of time. This type of policy is useful for situations where the vessel may be at sea for an extended period of time, but also needs coverage for specific voyages.

Other examples of insurance policies include:

• Accident policy: insures against loss resulting directly from accidental bodily injuries sustained during the policy term.
• Homeowner's policy: provides coverage for a variety of risks, including loss by fire, water, burglary, and the homeowner's negligent conduct.
• Commercial general-liability policy: covers most commercial risks, liabilities, and causes of loss, including situations in which a business is liable to a third party for personal injury or property damage.

These examples illustrate the different types of insurance policies available and the specific risks they cover.