Inland Marine Insurance (Glossary Word)

Originally, insurance for property that involved an element of transportation exclusive of marine transportation. Property transported by rail, truck or in storage awaiting, during or at the completion of transit is generally insured on an inland marine policy. But this kind of insurance has expanded over the years to include property that is subject to constant change such as a building under construction, equipment used at different locations and under different conditions, or schedules of property like jewelry or furs which change in value or composition.

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Glossary Words

• Ocean Marine Insurance
• Scheduled Property
• Captive Insurance Company
• Home Insurance Value