Inland Marine - Kayaking Trails

Inland Marine - Kayaking Trails

2541 KM of you

Inland marine insurance in the United States indemnifies loss to movable or specialized types of property, historically developing as an outgrowth of ocean marine insurance. This category of insurance includes property coverage for construction equipment, medical diagnostic equipment, fine arts, solar panels and wind turbines, cameras and movie equipment, musical instruments, and a wide variety of other types of property. The inland marine insurance definition has evolved over time to cover a wide range of property and materials: Property in transit Property in the custody of a bailee Property deemed to be an instrumentality of transportation or communication, such as bridges and radio towers Mobile medical equipment Contractors equipment Traditionally, marine insurers such as the underwriters at Lloyd's of London covered cargo in the course of international commercial voyages by sea, providing coverage on an "all risk" basis: physical loss or damage from any cause was covered unless the policy specifically excluded that clause. Subsequently, a marketplace for fire insurance for buildings on land arose, especially after the Great Fire of London in 1666. Fire insurance companies typically provided narrower coverage, where the policies specifically listed specifically the only perils covered, and excluded all losses from any other causes. In the 19th century the course of the Industrial Revolution gave rise to new exposures on land, such as telegraphs, railroad equipment, and other types of property with which fire insurance companies were unfamiliar, and inclined to grant coverage only for "enumerated perils". Marine insurers, accustomed to providing "all risk" coverage to cargo in transit, began competing in the insurance marketplace for these types of equipment and other "instrumentalities of communication and transportation". Despite the word marine, most inland marine coverages are for property on land, with property transported by water insured under ocean marine. This led to marine insurers competing in the fire insurance marketplace against fire insurance companies. Ultimately, the National Association of Insurance Commissioners regulated the situation, adopting a Nationwide Marine Definition in 1933 which laid out what types of property were eligible for "inland marine" insurance coverage. In the United States, inland marine insurance comprises about 2% of total premiums but account for a higher percent of the profit. Like ocean marine insurance, inland marine insurance has been traditionally less regulated in the United States. Inland marine policies became known as "floaters" since the property to which coverage was originally extended was essentially "floating." The coverage has grown to include property that just involves an element of transportation. The property that is insured under inland marine coverage is typically one of the following: Actually in transit Held by a bailee At a fixed location that is an instrument of transportation A movable type of goods that is often at different locations The following coverages represent a wide range of the types of coverages typically called "inland marine": Accounts Receivable Bailee Customer's Goods Builders' Risk Camera and Photographic Equipment Communication Towers and Equipment Computer Coverage Contractors Equipment Commercial Floaters Dealers Exhibitions Fine Arts Furriers Golf Equipment Guns Installation Jewelers Leased Property Mobile Medical Equipment Motor Truck Cargo Museums Musical Instruments Processing Risks Rigger's Liability Scheduled Property Transportation Trip Transit Valuable Papers Warehouse Legal

Trail name
Awesome destination
2 hours 45 minutes
2.5 km
Main destination
Additional destination

Be the first one who uploadthe trail map

You can contribute to your community.Upload it! :-)



Inspire your team

Our team works hard to offer you the best possible experience and the perfect website. If you have ideas, sugestions or comments, we will be pleased to read you.

Picture Upload

You can upload your photos.

Upload picture

Drop files here or click to upload

report an error

You see an error. You can help us update the information.

Please indicate clearly the incorrect information and the correction needed.

Please give clear detail