What type of insurance typically covers ocean cargo shipments?

Ocean marine insurance is the correct choice because it is specifically designed to cover the loss or damage of ships, cargo, and terminals involved in maritime transportation. This type of insurance provides comprehensive coverage that applies to various marine-related risks, including physical damage to the hull of a vessel and loss of cargo due to events such as sinking, piracy, or severe weather.

Fire insurance, while essential for property that may be exposed to fire risks, does not address the unique challenges associated with maritime shipping. Auto insurance relates solely to vehicles on land and does not apply to cargo shipments or marine transportation. Health insurance covers medical expenses and healthcare services for individuals, which is unrelated to the transportation of goods or cargo.

Therefore, ocean marine insurance is the specialized coverage necessary for protecting cargo during its journey over water.