What is inland marine insurance?
Inland marine insurance definition would be the insurance of the movable property of the company and the insurance of things that are not yours and are with you. Let’s cite a few examples to better convey what exactly it is about.
Let’s say you are the owner of the service. People leave their things with you for repair, and with this insurance, those things are covered if something goes wrong.
You are the owner of a construction company and you have valuable tools that are transported to construction sites and used in various locations. This is suitable for tools worth over $10,000.
You are the owner of a vehicle with expensive equipment such as a mobile kitchen for serving food and drinks.
You are sending goods of high value that are not covered by the standard police shipping package.
You own property that is not with you but in another warehouse or place.