What is Inland Marine Coverage?
Whenever equipment, inventory, or products are being transported between two locations, they’re exposed to potential risk. Whether construction equipment is being towed across town or products are being sent from New Jersey to California, items large and small are susceptible to being lost, damaged, or stolen while in transit. Inland marine insurance helps protect shipments until they reach their destination.
Inland marine coverage is a specialized form of property insurance that's used to protect items being transported over land. Policies may be used to insure small items, such as product samples, or large equipment, like construction equipment.
How Are Ocean Marine Insurance and Inland Marine Insurance Different?
Ocean marine and inland marine insurance are similar in that both types of insurance protect items while they’re in transit. These two forms of coverage provide coverage for different situations, though.