All You Want To Know About Inland Marine Insurance

Inland marine insurance is a kind of insurance policy that provides protection to property and goods while in transit on land

. It is especially beneficial for those business owners who either travel a lot or work with high value items.

Today, almost all major insurance service providers offer this kind of policy. Often, inland marine insurance is bought as a supplement to an existing insurance policy.

Origin

The origin of inland marine insurance goes back to the 17th century when one of the insurance providing companies of London the Lloyds launched it for the first time for its customers. Prior to this, the Lloyds would provide coverage to only cargo of ships. Damage to goods once it had been taken off ships could not be claimed for. As goods would often get damaged in transit on land, policyholders were not happy with their investment in insurance policies. Lloyds, then, introduced inland marine insurance to ensure coverage for goods even after it had been offloaded from ships.

Today, inland marine insurance is even used by people who live nowhere near the sea. It can be used to cover for all kinds of goods transported through land.

Coverage

Inland marine insurance will provide coverage to all kinds of goods and property. It will also provide protection against financial loss that you may suffer in case your goods and property are stolen during transportation. Similarly, goods damaged in transit across dry land receive also coverage under this policy. You can also cover your building and other types of insurance with this insurance policy.

Do check and cross check about the details of the insurance policy before buying it. You can also talk to the insurance agent to ensure all your queries are addressed. While for some buying inland marine insurance policy as a supplement policy is enough, for other it may not be adequate and therefore they should buy this as a separate insurance policy. Choose an inland marine insurance policy that suits the needs of your business best.

Click on the following link to contact us for affordable and comprehensive inland marine insurance policy.

by: sid tivatne

POST COMMENT

An Overview Of Aviation Insurance Commercial Insurance Overview Of Hospitality Insurance Free Or Affordable Health, Vision And Dental Insurance For Children Purchasing Vehicles insurance On the net What Is Building and Contents Insurance? 5 Recommendations For Cheaper Vehicle Insurance Why You Need Jewelry Insurance The need for Mexican Car Insurance While In Mexico Do You Need Emergency Road Service With Your Insurance Company? Insurance Agent Forum Discussions Understanding Insurance Why Should I Buy Mexican Car Insurance