Inland Marine

What Is Inland Marine Insurance?

Inland Marine insurance was first created to cover goods transported over water. Now this policy has expanded to cover goods on land and is offered for Commercial or Personal property. If the business has valuable property that is transported from place to place on a regular basis, an Inland Marine policy may be necessary.

A Commercial Inland Marine Floater ensures property that is movable or transportable has a broader protection than what may be provided by the typical property policy. This affordable protection is for the tools, equipment, merchandise, and items of the business no matter where they go or where they are located. The business will be protected from damages caused by accidents, theft, vandalism, or total loss.

These policies are almost always written on an all-risk basis as opposed to named perils. Personal Inland Marine policies can expand the coverage in a homeowners policy to protect investments in items such as jewelry, furs, fine arts, cameras, musical instruments, collections, sports equipment, or computers. Items insured are usually of relatively high value and portable.