What is inland marine insurance?
Inland Marine coverage is not for boats or marine vehicles as the name might suggest. Rather, it's a type of Property Insurance that covers types of movable property and other specialized items. Inland marine coverage is generally broader than standard property coverage. It provides coverage for a broad range of property in transit and onsite.
What is covered through a marine insurance policy?
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Inland marine insurance can cover a wide range of property and materials, including:
- Property in transit, such as fine art or jewelry
- Property that is in the custody of a bailee
- Property that might be an instrumentality of transportation or communication, such as bridges and radio towers
- Mobile medical equipment
- Contractor equipment, including computers and electronics