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Inland Marine Coverage
A group of property insurance coverages designed to insure exposures that cannot be conveniently or reasonably confirmed to a fixed location or insured at a standard rate under a standard form. Includes coverage for property under construction, property in transit overland, certain moveable property, instrumentalities of transformation and communication (such as bridges, roads, piers, and television and radio towers), legal liability coverage for bailees, and computerized equipment. Many inland marine coverage forms provide coverage without regard to the location of the covered property; these are sometimes called 'floater' policies. Inland marine coverage forms are generally broader than property coverage forms due to the relative freedom from rate and form regulation of inland marine insurance as compared with property insurance.
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