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听友70996060
These were outlined in chapter six and will serve as the basis for the rest of today's discussion. Can anyone tell me what one of those points might be?
听友70996060
Generally speaking, the basic form of an insurance policy has been pretty much the same since the Middle Ages. There are four points that were salient then and remain paramount in all policies today.
听友70996060
Even the most cautious merchants became willing to risk shipping their goods over long distances，not to mention in hazardous weather conditions when they had this kind of protection available.
听友70996060
Interest on the loans varied according to how risky it was to transport the goods. During periods of heavy piracy at sea, for example, --- the amount of interest and the cost of the policy went up considerably.
听友70996060
In general, the contracts were often no more than verbal agreements. They granted loans to merchants with the understanding that if a particular shipment of goods was lost at sea,the loan didn't have to be repaid.