What is an "inland marine" policy?

An "inland marine" policy is designed to cover property that is in transit over land as well as certain types of movable property that may not be permanently located in one place. This type of insurance is essential for protecting goods during transportation and for items that have a high degree of mobility, such as equipment or tools. Inland marine insurance originated from the need to cover goods transported by boat across inland waterways but has evolved to include a broad range of coverage for various movable properties, including property at exhibitions, mobile equipment, and goods in warehouses.

While other options refer to specific types of insurance policies, they do not accurately reflect the scope and purpose of an inland marine policy. A maritime insurance policy covering ocean shipping, for instance, would fall under marine insurance but is not relevant to inland coverage. Similarly, a policy for oceanic cargo only is limited to maritime contexts and does not encompass the broader application of inland marine coverage. A policy covering land vehicles does not address the types of movable property or goods being transported, as it focuses solely on the vehicles themselves rather than the property they may carry or that is in transit.