What is the definition of Inland Marine Insurance?

Inland Marine Insurance is a type of insurance that provides protection against loss to property in transit, in other words, moving or movable property.

The movement of the property may be not just through ocean transport (such as ships and tugboats) but can also include air and land transportation, as well as passage through tunnels and bridges. The property may be moving or in transit, or fixed at a location such as a warehouse, or may be a movable type of good that is transferred from one place to another. It may also be held by a bailee.

Inland marine insurance covers a wide spectrum of coverages - it may be used for account receivables, for art works and expensive clothes and furs, for contraction equipment, electronic equipment, jewelry, and a host of other kinds of property.

• Insolvency
• Misstatement of Age or Sex Provision
• Modified Premium Policies
• Moral Hazard
• Comprehensive Coverage