Inland Marine Coverage

Inland marine insurance indemnifies loss to moving or moveable property and is an outgrowth of ocean marine insurance. Historically; ocean marine insurance held the transporter responsible for property loss before; during; and after the completion of the voyage. In the 1800’s; the non-ocean portion of the journey grew as cargoes were transferred to barge; etc.; and the term inland marine” was coined. Inland marine policies became known as “floaters” since the property to which coverage was originally extended was essentially “floating.””

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