Inland marine insurance indemnifies loss to moving or movable property and is an outgrowth of ocean marine insurance. Most inland marine coverages are for property on land, with property transported by water insured under ocean marine.
The coverage has grown to include property that just involves an element of transportation. The property that is insured under inland marine coverage is typically one of the following:
Actually in transit
Held by a bailee
At a fixed location that is an instrument of transportation
A movable type of goods that is often at different locations
Motor Truck Cargo
Fine Arts Floaters
High Valued Articles
Automobile Physical Damage
Warehouse Legal Liability
Open Lot Coverage
Contact your favorite broker for any questions on this or any line of business. We are waiting to serve you.
Leo Risk Services, Inc. is a full service MGA & Broker for all Property & Casualty lines of business.