© 2011 Farmin Rothrock & Parrott
Companies We Feature...
© 2011 Farmin, Rothrock & Parrott, Inc
Inland Marine Insurance
Inland Marine insurance covers a wide variety of insurance risks,
but generally refers to property that can be moved. The word
“floater” is also used to describe this coverage. Historically,
Ocean Marine insurance was used to cover property from its
original port, on the high seas and to it destination port. As
goods were moved farther and farther inland to reach their final
destination, there was a need for another type of insurance and
Inland Marine insurance was developed. So even though the
word “marine” is used, Inland Marine insurance is primarily used
to cover property on land.
In commercial insurance today, Inland Marine is most commonly
used to cover equipment like bulldozers, backhoes and tools for
contractors. Installation Floaters that cover property that has
note yet been installed at a construction site is another type of
Inland Marine coverage.
Most Inland Marine policies are part of a Commercial Package
policy that will contain Liability, Property or other coverage.
Some, however, are what is known as “stand alone” policies and
one of the most common is Builder’s Risk. This unique policy
covers a building while it is under construction and the amount it
pays for a loss is determined by how far along the construction
was at the time the loss occurred.
Other Inland Marine policies include Motor Truck Cargo,
Accounts Receivable, Jewelers Block, Trip Transit and many
more. The important thing to keep in mind is that if you have
property that moves from place to place, it may or may not be
covered by your regular Commercial Property policy. That’s why
it is important to have your business operation examined in its
entirety by an experienced commercial insurance agent. Farmin
Rothrock & Parrott specializes in commercial insurance and has
been advising Inland Empire businesses on their insurance risks
since 1922. Contact us today for a complete review of your
insurance.
Request a Quote for
Inland Marine
Insurance
For Even Faster
Service, Call Us
Right Now!
(509) 323-3232
8:00AM - 4:30PM
Monday - Friday
Companies We Feature...
Inland Marine Insurance
Inland Marine insurance covers a wide variety of insurance risks,
but generally refers to property that can be moved. The word
“floater” is also used to describe this coverage. Historically,
Ocean Marine insurance was used to cover property from its
original port, on the high seas and to it destination port. As
goods were moved farther and farther inland to reach their final
destination, there was a need for another type of insurance and
Inland Marine insurance was developed. So even though the
word “marine” is used, Inland Marine insurance is primarily used
to cover property on land.
In commercial insurance today, Inland Marine is most commonly
used to cover equipment like bulldozers, backhoes and tools for
contractors. Installation Floaters that cover property that has
note yet been installed at a construction site is another type of
Inland Marine coverage.
Most Inland Marine policies are part of a Commercial Package
policy that will contain Liability, Property or other coverage.
Some, however, are what is known as “stand alone” policies and
one of the most common is Builder’s Risk. This unique policy
covers a building while it is under construction and the amount it
pays for a loss is determined by how far along the construction
was at the time the loss occurred.
Other Inland Marine policies include Motor Truck Cargo,
Accounts Receivable, Jewelers Block, Trip Transit and many
more. The important thing to keep in mind is that if you have
property that moves from place to place, it may or may not be
covered by your regular Commercial Property policy. That’s why
it is important to have your business operation examined in its
entirety by an experienced commercial insurance agent. Farmin
Rothrock & Parrott specializes in commercial insurance and has
been advising Inland Empire businesses on their insurance risks
since 1922. Contact us today for a complete review of your
insurance.
Request a Quote for
Inland Marine
Insurance
For Even Faster
Service, Call Us
Right Now!
(509) 323-3232
8:00AM - 4:30PM
Monday - Friday