inland marine insurance

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Last updated

June 29, 2026

Quick Summary

Inland marine insurance is a type of transportation insurance that evolved from ocean marine insurance. It covers goods during inland transit, from the shipper's warehouse to the buyer's warehouse, even if these locations are far from a seaport.123

Policies typically cover perils of transportation such as collision, derailment, rising water, tornado, fire, lightning, and windstorm. However, they generally exclude losses from pilferage, strikes, riots, war, delay, loss of markets, illegal trade, or breakage.1

Inland marine insurance also includes "floater" policies, which cover movable property regardless of whether it's in transit. These are used for businesses holding others' property (like jewelers or dry cleaners) and for individuals covering personal property comprehensively.1

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insurance
Inland marine insurance
Although there are no standard forms in inland marine insurance, most contracts follow a typical pattern. They are usually written on a named-peril basis covering such perils of transportation as collision, derailment, rising water, tornado, fire, lightning, and windstorm. The policies generally…
Read More
Although there are no standard forms in inland marine insurance, most contracts follow a typical pattern. They are usually written on a named-peril basis covering such perils of transportation as collision, derailment, rising water, tornado, fire, lightning, and windstorm. The policies generally…
Read More