What it inland marine
insurance?
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This
broad type of coverage was developed for shipments that
do not involve ocean transport. Covers articles in
transit by all forms of land and air transportation as
well as bridges, tunnels and other means of
transportation and communication. Floaters that cover
expensive personal items such as fine art and jewelry
are included in this category.
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Coverage for property that involves an element of
transportation. The property must be actually in
transit, held by a bailey, at a fixed location that is
an instrument of transportation, or be a movable type of
goods that is often at different locations.
What
are the coverage? Inland marine policies become known as
"floaters" since the property to which coverage was
originally extended was essentially "floating." The
coverage has grown to include property that just
involves as element of transportation. The
property that is insured under inland marine coverage is
typically one of the following: (1) Actually in transit,
(2) Held by a bailee, (3) At a fixed location that is an
instrument of transportation, (4) A movable type of
goods that is often at different locations
The following coverage's
represent a wide range of the types of coverage's
typically called "inland marine". (1) Account
Receivable, (2) Bailee Customer's Goods, (3) Builders'
Risk, (4) Communication Towers and Equipment, (5)
Computer Coverage, (6) Contractors Equipment, (7)
Commercial Floaters, (8) Dealers, (9) Exhibitions, (10)
Fine Arts, (11) Furriers, (12) Installation, (13)
Jewelers, (14) Leased Property, (15) Mobile Medical
Equipment, (16) Motor Truck Cargo, (17) Museums, (18)
Musical Instruments, (19) Processing Risks, (20)
Rigger's Liability, (21) Scheduled Property, (22)
Transportation, (23) Trip Transit, (24) Valuable Papers,
(25) Warehouse Legal. |
