What is Inland Marine Insurance?
While equipment and products are en route to a destination, they’re exposed to several potential risks. Theft, collisions and other perils can lead to lost or damaged shipments. Inland marine insurance helps both businesses and individuals in Vermont protect equipment, products, and shipments from many potential risks while the items are in transit.
Inland marine coverage is one of the few types of insurance that’s specifically designed for insuring items while they’re being transported over land. It may be used to insure both small items, such as product samples, and large equipment, like construction equipment. Additionally, it may be used by both businesses and individuals to insure products items they have in transit.
What Coverages Does Inland Marine Insurance Provide?
While particular coverages vary, many inland marine policies provide coverage for theft, collisions, and other sources of damage. Many policies also provide coverage for goods that are temporarily stored at a third-party warehouse.