Inland marine insurance can sound like an oxymoron. However, it arose as an evolution of marine insurance that was originally used to help cover ships from losses when they were in the process of transporting goods. Marine insurance, however, focuses on material that is transported over land, like vehicles that transport the materials. Essentially, this type of insurance covers the transport of materials inland.
What Inland Marine Insurance Covers
Inland marine insurance is implemented to help cover property that is movable, involved in transferring information, or is transportable. This can help to prevent a business from sustaining extreme losses during their transportation process.
Common Products Covered
There are many common products that inland marine insurance is generally used to cover and protect. Several of these important products include valuable artwork, contractor’s equipment, transportation equipment, computer equipment, mobile tools, and property that is in transit.
Perils Often Covered by Inland Marine Insurance
It is important to consider what perils that marine insurance may cover in order to provide superior protection to your goods and products that are in transit. Inland marine insurance often covers damage that occurs to a product in transit due to water, fire, wind, and hail. It also often covers the loss of a product due to theft. If your goods have become damaged due to any of these perils, it is important to consult with us to determine the perils that are covered by marine insurance.
Our inland marine insurance is designed to help protect your business when you need to transport your goods. This can go a long way toward protecting your business and preventing damaged goods from impacting the success of your business. To learn more about marine insurance, contact our professional team at Insurance Unlimited in Bozeman, MT today!