Inland marine insurance
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Inland marine insurance
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.
What does inland marine insurance not cover?
Inland marine insurance does not cover damage caused by an earthquake, flood or tornado.
Assets transported by air or sea.
Commercial vehicles. Only what is in them.
Assets transported by air or sea.
Commercial vehicles. Only what is in them.
Inland marine insurance cost
The price of inland navigation insurance mostly depends on what exactly you are insuring. In addition, it is important what type of work you do, how often and in what way the property is transported, or where it is located.
With this police, it is important to know that it can be added to other police insurances such as business owner’s policy (BOP). Because when more policies are taken in the package, then the price is reduced.
The next best thing you can do is send us an inquiry to see which insurance company you can get the best deal from. All you need to do is fill out the form below.
With this police, it is important to know that it can be added to other police insurances such as business owner’s policy (BOP). Because when more policies are taken in the package, then the price is reduced.
The next best thing you can do is send us an inquiry to see which insurance company you can get the best deal from. All you need to do is fill out the form below.
Inland marine insurance Quote
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