Inland marine covers tools, equipment and other property that moves from job to job or is stored away from your premises.
What it generally covers
- Contractors’ tools and equipment
- Equipment in transit
- Installation or builder’s risk, depending on the form
Where gaps often hide
- Standard property policies limit coverage away from your premises
- Valuation, replacement cost or actual cash value
- Theft conditions
Questions worth asking
- Is my equipment covered at job sites and in transit?
- How is it valued?
- What are the theft conditions?
General information only. Actual coverage depends on your policy, and coverage is not in force until confirmed in writing by the agency.