Asked by: Txell Ferranpersonal finance home insurance
What perils does a commercial inland marine policy cover?
Last Updated: 4th April, 2020
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In this way, what does a commercial inland marine policy cover?
Inland Marine Coverage — property insurance for property in transit over land, certain types of moveable property, instrumentalities of transportation (such as bridges, roads, and piers, instrumentalities of communication (such as television and radio towers), and legal liability exposures of bailees.
One may also ask, does a Commercial inland marine policy cover flood? However, inland marine insurance can protect the contents inside your vehicle. Earthquake and flood damage: Businesses in earthquake or flood zones should purchase separate commercial flood insurance or commercial earthquake insurance.
Keeping this in consideration, what does inland marine insurance not cover?
Inland marine insurance does not cover: Stationary property at your main location. Your business vehicles. Damage from earthquakes and floods.
Does inland marine cover earthquake?
Inland Marine Coverage—Difference in Conditions (DIC) Its purpose is to provide primary coverage against causes of loss normally excluded in standard property forms, such as flood, water damage and earthquake. In addition, there are the added causes of loss of flood and earthquake that may be needed.