Inland Marine
Definition. Inland Marine covers high-value tools, equipment, and movable business property — whether at your shop, in transit, or on a job site.
Also known as: Tools & Equipment Coverage, Mobile Equipment Floater
Despite the name, has nothing to do with boats — it's a historical term from when policies covered ocean cargo. Used today for contractor tools, photographer equipment, computer servers, mobile equipment, fine art, jewelry. Replacement-cost vs actual-cash-value matters.
Example
Contractor's $12,000 of tools stolen from work truck overnight. Inland Marine pays replacement cost.
Sources cited
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📘 Educational content only.
Reviewed by California-licensed Property & Casualty insurance agent
Jason Wootton (CA License #0I94454). Not insurance advice, an individual recommendation, or a solicitation in any state. Insurance regulations vary by state. For specific coverage decisions, consult a licensed insurance agent in your state.
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