What is the term for insurance that protects property being transported over land?

• A. Inland Marine
• B. Ocean Marine
• C. Property Insurance
• D. Liability Insurance

Answer: (A)

The term for insurance that protects property being transported over land is commonly referred to as Inland Marine insurance. This type of insurance is designed to cover goods, merchandise, and property that are in transit, as well as specific types of movable property. It extends beyond traditional property insurance, which typically covers stationary risks, to address the unique risks associated with the transport of property over land. Inland Marine policies often include coverage for various modes of transportation—such as trucks and rail—as well as for storage at locations other than the main premises.

Ocean Marine insurance, on the other hand, is specific to risks associated with maritime transport and does not address land transportation. Property Insurance generally includes coverage for physical assets but does not specifically cater to items being transported. Liability Insurance is focused on covering legal responsibilities for injuries or damages caused to third parties, rather than property in transit. Therefore, Inland Marine is the correct term for insurance that protects property being transported over land.