Insurance Term of the Day: Inland Marine

Inland marine insurance sounds like an oxymoron, which can be confusing to some people. It is the opposite of marine insurance, which covers property in transit over sea. Inland marine covers that which is being transported on land, or property that is temporarily held responsible by a third party. Typically, these products are transported by truck or train. It is often called a “floater policy” because its in motion along with your equipment.

Equipment that can be covered includes and is not limited to:

  • Property being used at multiple locations, such as construction tools
  • Photography equipment
  • Property that has the potential to move, but typically stays in one location, such as a food truck
  • Property that is temporarily in the possession of a third party
  • Valuable property such as artwork
  • Medical or scientific equipment in transit

 

Inland marine coverage specifically covers the property being transported, not the vehicle.

There are special inland marine coverages as well. A few of them include:

  • Builder’s Risk—protects the risks of the materials and structures while a project is being completed
  • Exhibition and Fine Art coverage—this protects valuable artwork on exhibit or in transit between exhibits
  • Installation Floater—protects the transportation of property all the way until the object is installed and accepted by the policyholder

Check with your insurance agent to see if any of these coverages will be necessary for your business.


Do you have questions about your insurance? Find an insurance agent near you with our Agent Finder

Buzz Your
Insurance Agent

Search for a local agent with our agent finder map.

Agent Finder

Search All Blogs

Generic filters
Exact matches only
Search in title
Search in content
Search in excerpt

Buzz Your
Insurance Agent

Search for a local agent with our agent finder map.

Agent Finder

Want to learn more about
our blog writer?

Read more about KayLynn's background.

Search All Blogs

Generic filters
Exact matches only
Search in title
Search in content
Search in excerpt

Taming the Paper Tiger: How to Keep Important Documents Safe

Don’t Let Your Important Documents Become Disaster Snacks! Safe Storage Tips Inside

Fort Knox for Your Family: Why Life Insurance is Your Secret Weapon

Life Insurance: The Unsung Hero of Family Protection (Free Quote!)

Decoding the Grocery Aisle: Your Guide to Nutrition Labels

Mystery Solved! Unveiling the Secrets of Nutrition Labels for Smarter Grocery Shopping

Kick the Bucket List, Not the Bucket: Unleashing Your Inner Adventurer

Bucket List Blues? Unleash Your Inner Adventurer with This Fun and Feasible Guide

Life Insurance: Unraveling the Mystery (No Shady Business Here)!

Life Insurance FAQs: Unveiling the Mysteries and Myths (Without the Gimmicks!)

Life Insurance Claims: Demystifying the Process (So You Can Get What You’re Owed)

Life Insurance Claims: A Simple Guide to Getting What You Deserve

Life Changes? Don’t Forget Your Life Insurance! A Guide to Keeping Your Beneficiaries Up-to-Date

Life’s Milestones and Your Life Insurance Beneficiary: Why Regular Reviews Are Crucial

Million Dollar Dreams, Affordable Reality: Is a Big Life Insurance Policy Right for You?

Million Dollar Life Insurance: Myth or Must-Have? Exploring Your Options

No Needles, No Problem: Unveiling the Secrets of Life Insurance Without a Physical Exam

Life Insurance Made Easy: Skip the Physical, Get Covered Today!

Beyond Million-Dollar Contracts: Why You Need Athlete-Level Protection (Even Without the Millions!)

Health is Wealth: Why You Need Insurance Protection, Even Without a Pro Athlete’s Salary