South Carolina Personal Lines Practice Exam

What type of property does Inland Marine insurance cover?

1. Buildings only

2. Personal vehicles only

3. Any property portable on land

4. Commercial real estate only

The correct answer is: Any property portable on land

Inland Marine insurance is specifically designed to provide coverage for property that is movable or portable. This type of insurance traditionally covered goods transported over water and was later adapted to include a broader range of property that is not fixed to one location. Therefore, its focus is on items that can be transported over land—meaning it includes property like tools, equipment, and personal belongings that individuals or businesses utilize but do not keep in a fixed place. The nature of inland marine coverage is to protect items that are often in transit or used in various locations, which is why it encompasses any property that is portable on land. This can include items such as construction equipment, fine art, and even personal items taken out of the home, emphasizing the mobility aspect of the insured property.