What does an Inland Marine Policy provide coverage for?

An Inland Marine Policy is specifically designed to cover property in transit and certain types of movable property. This type of insurance is not limited to transportation via water; rather, it extends to goods being transported over land as well. Coverage typically includes items such as cargo during transit, which makes this option accurate.

Inland Marine Policies can also cover various forms of property that are highly mobile or in places where traditional property insurance does not apply, such as tools, equipment, or personal property that might be stored at locations other than the primary residence or business. Unlike an option that pertains to private property on the owner’s premises or liability for incidents occurring on the property, an Inland Marine Policy is primarily focused on the risks associated with transportation and movement of goods.