What does Inland Marine insurance primarily cover?

Inland Marine insurance is designed primarily to cover property that is in transit or that is movable in nature. This type of insurance extends beyond standard property insurance, as it caters specifically to the unique risks associated with goods or items that are transported over land or across inland waterways. It encompasses various types of property such as cargo, equipment, and other valuables during their journey from one location to another.

While permanent property locations and business personal property are covered under different insurance policies, such as standard property or commercial property insurance, Inland Marine focuses specifically on those assets that are not fixed to a location. Additionally, while flood damage is typically covered under policies specifically designed for flood risk, it does not fall under the scope of Inland Marine insurance. Thus, the primary function of Inland Marine insurance is to provide coverage for property in transit.