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INLAND MARINE

Inland Marine (https://en.wikipedia.org/wiki/Inland_marine_insurance; Accessed 05/09/22)

Inland marine insurance in the United States indemnifies loss to movable or specialized types of property, historically developing as an outgrowth of ocean marine insurance. This category of insurance includes property coverage for construction equipment, medical diagnostic equipment, fine arts, solar panels and wind turbines, cameras and movie equipment, musical instruments, and a wide variety of other types of property.[1]

The inland marine insurance definition has evolved over time to cover a wide range of property and materials:

 

  • Property in transit

  • Property in the custody of a bailee

  • Property deemed to be an instrumentality of transportation or communication, such as bridges and radio towers

  • Mobile medical equipment

  • Contractors equipment