Which type of insurance provides coverage for property in transit?

Inland Marine insurance is specifically designed to cover property that is in transit over land, as well as certain types of movable property. This type of insurance recognizes that property can be vulnerable to damage or loss when it is not in a fixed location, such as when goods are being transported or stored in a temporary location.

Inland Marine policies can adapt to various needs, including coverage for goods in transit, mobile equipment, and even fine arts and jewelry that may often be moved from one location to another. This versatility makes Inland Marine insurance the most suitable option for covering property during transit, catering to businesses that frequently ship goods or need to protect valuable items while they are on the move.

The other options might provide coverage for specific aspects of property or business insurance, but they do not focus specifically on property that is in transit. For instance, a Business-owners Policy usually includes coverage for a business's general property but may not extend effectively to those items that are actively being transported. Commercial Property Floaters are more tailored to coverage options that don’t specifically address transit needs but rather offer coverage for specific locations or types of property. Personal Floaters generally apply to personal property and are less concerned with commercial transit scenarios. Therefore, Inland Marine insurance stands out as