Inland marine insurance is an insurance instrument which is designed to protect property while in transit, along with high-value mobile items. Despite the rather unusual name, inland marine insurance is actually a very useful type of insurance, and it is commonly recommended to business owners, especially people who need to travel for work or people who work with high-value items. Many insurance companies offer this type of policy, and can discuss options with their clients. This type of insurance is typically purchased as a supplement to an existing insurance policy.

Most floater policies share the following characteristics:

• The coverage can be tailored in order to insure a specific type of property for the insured.
• The insured can select the appropriate policy limit for the property.
• Floaters are typically written on an all risk basis which means all direct physical losses to property are covered, except for specially excluded losses.
• Most floaters cover the property anywhere in the world.

Download Inland Marine Application