Inland marine coverage was originally meant to cover commercial goods while they were being transported along waterways that were inland. Eventually, it was expanded to include other land transportation modes such as trucks, trains, and automobiles. Ocean marine insurance is coverage to protect goods and property while they are being transported on vessels on the water.
Some of the types of property that might be covered by inland marine insurance include the following:
- Property being transported
- Mobile equipment
- Property that is in the custody of a bailee
- Contractor’s equipment