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Inland Marine Insurance

30 minutes

Insurance Explained

Inland marine insurance protects movable property and goods while they are in transit over land or stored at a location other than the insured's premises. Despite its name, inland marine insurance does not solely cover marine-related risks but rather focuses on property that is in transit or temporarily located away from the insured's main location.


Inland marine insurance is designed to cover a wide range of property and goods that are not adequately covered by traditional property insurance policies. This includes items such as construction equipment, tools, artwork, valuable documents, computer equipment, and other specialized equipment that may be transported or used off-site.


The coverage provided by inland marine insurance typically includes protection against risks such as theft, damage, loss, and destruction of the insured property. It may also cover the property while it is being transported by various modes of transportation, including trucks, trains, ships, or airplanes.


In addition to covering property in transit, inland marine insurance can also provide coverage for property that is temporarily stored at a location other than the insured's premises. This can include property stored at a warehouse, exhibition, or construction site.


The coverage limits and premiums for inland marine insurance vary depending on factors such as the type and value of the property being insured, the distance it will be transported, and the level of risk involved. It is important for businesses to carefully assess their property and goods that may require inland marine coverage and work with an insurance provider to determine the appropriate coverage limits and policy terms.


Inland marine insurance is particularly important for businesses that regularly transport or store valuable property or goods away from their main location. It provides financial protection against the risks associated with transportation and temporary storage, helping businesses mitigate potential losses and maintain their operations.

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