[I059]

inland marine

1) The insurance of property (generally on an "all­risk" basis) which is in the course of transportation or is of such a nature that it may easily be transported. Also includes some risks at fixed locations considered "instruments of transportation or communication," such as bridges, tunnels, neon signs, and street clocks, etc., which were accepted as inland marine by custom.

2) Originally meant the insurance of goods in transit "inland," instead of at sea, by underwriters who specialized in ocean marine insurance.

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