An Inland Marine policy is written to provide coverage for property in transit over land, certain types of movable property and legal liability exposures of bailees.
Examples of property that can be insured under an Inland Marine policy include:
iInsurance for legal liability resulting from damage or destruction to someone else’s personal property while in your care, custody and control.
Coverage for the cost to repair an unfinished structure or replace building materials when damaged or destroyed on a construction site.
Coverage for personal property that is installed, fabricated or erected by a contractor until the installation work has been completed and accepted by the purchaser.
Coverage for loss of cargo in the course of transit
Understandably, price is always a concern. However, with a custom insurance policy, you control what coverage you pay for.