Definitions for "Inland marine"
covers property exposed to loss from transportation on land.
A broad form of insurance, generally covering articles in transit as well as bridges, tunnels, and other means of transportation and communication. Besides goods in transit (generally excepting Trans-ocean), it includes numerous “floater” policies, such as those covering personal effects, personal property, jewelry, furs, fine arts, and other items of value.
1. The insurance of property (generally on an "all-risk" basis) which is in the course of transportation or is of such a nature that It may easily be transported. Also includes some risks at fixed locations considered "instruments of transportation or communication", such as bridges, tunnels, neon signs, and street clocks, etc., which were accepted as inland marine by custom. 2. Originally meant the I insurance of goods in transit "inland", instead of at sea, by underwriters who specialized in ocean marine insurance.