Marine insurance was a term that was originally used to cover ships that sustained losses when they were transporting goods. This was common in the beginning stages of business insurance, when ships were the main method of transportation. Inland marine insurance has been an evolution of this type of insurance that is used to cover goods that are being transported inland. Now, inland marine insurance is used to cover the transport of materials in order to protect a business’s best interests while they are transporting their goods.
Common Perils that May Be Covered
There are various perils that may be covered by your inland marine insurance while your goods are in transit. This type of insurance often covers damage or loss of goods from fire, wind, hail, and water. It may also cover the loss of goods due to theft while they are in transit.
Property Often Insured
In most situations, inland marine insurance will be used to help cover various valuable goods that are in transit for a business. Valuable artwork, mobile tools, contractor’s equipment, transportation equipment, computer equipment, property in transit, and many other fixtures can be protected with the use of inland marine insurance.
Inland Marine Insurance
Inland marine insurance essentially covers property that is involved in transferring information, property that is movable or transportable. This will go a long way toward protecting a business from sustaining substantial losses through the transit process.
At David Jarnagin Insurance in Kaysville, we offer a large array of services to meet your specific insurance needs. Our inland marine insurance can help to protect your business when you have to transport your goods. This can go a long way toward minimizing the possibility of extreme detrimental losses to your business. To learn more about inland marine insurance for your building, contact us at Insurance Unlimited today!