Insurance term
Inland Marine Insurance
Inland Marine Insurance is a type of property insurance that helps protect movable property, tools, equipment, and certain goods while they are being transported or used away from a fixed location. Despite the name, it usually has nothing to do with the ocean; it is commonly used for items like contractor equipment, cargo, and specialized business property.
Example
A construction company buys Inland Marine Insurance to help cover its portable tools and equipment while they are being moved between job sites.
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