What kind of property does Inland Marine Coverage protect?

Inland Marine Coverage is specifically designed to protect property that is movable or transportable, as well as property that is in transit over water or land. This type of insurance was originally created to cover goods transported by ships, but has since expanded to apply more broadly to various types of movable property.

The focus of Inland Marine Coverage is on personal property that is not fixed to land or buildings. This includes items like equipment, tools, fine art, jewelry, and other movable goods that might be used in a business or personal context but are not permanently installed or stored in one location. It’s important to recognize that the intention of this coverage is to safeguard items that are especially vulnerable to risks while they are being transported or stored off-site.

While vehicles and vessels do have their own specific insurance policies, and commercial properties may have coverage under different types of insurance, Inland Marine Coverage distinctly targets such movable personal property that isn’t permanently affixed to a location. This sets it apart from other types of insurance that cover stationary or attached properties.