Inland Marine Insurance (sometimes called a “Floater” Policy) is a specialized coverage that fills the gaps left by standard property insurance when it comes to protecting movable or specialized property. Contrary to its name, this insurance is not limited to marine-related risks but extends to cover property that is frequently on the move or located away from the primary business premises. This can include goods in transit, construction equipment, valuable artwork, or other types of mobile property. Inland Marine Insurance is highly flexible and customizable, offering businesses the opportunity to tailor coverage to the specific needs of their assets. Whether it’s protecting against damage, theft, or loss during transportation, or safeguarding valuable equipment at job sites, Inland Marine Insurance provides a comprehensive solution to ensure that a wide range of property is adequately covered, regardless of its location or mobility.
- Covers property in transit over land
- Provides coverage without regard to the location of the covered property
- Broader terms than many property coverage forms