Definition of "Inland Marine Insurance"

A broad type of insurance, generally covering articles that may be transported from one place to another as well as bridges, tunnels and other means of transportation. It includes goods in transit (generally excepting transoceanic) as well as numerous "floater" policies such as personal effects, personal property, jewelry, furs, and other such items.

A form of property-casualty insurance that covers portable property and goods in transit over land, extending the coverage that is provided by Ocean Marine insurance over water.