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Why you need this course:
Inland marine insurance policies provide a way to cover property in transit and property that is often used away from the insured’s own premises. Virtually every organization has loss exposures associated with property that is usually on land but that also involves an element of transportation. Typically, these loss exposures are not adequately covered by commercial property forms. Understanding the coverages provided by inland marine insurance will help you decide when a loss exposure requires the additional coverage it provides.
Upon successful completion of all seven modules in this course, you should be able to:
- Explain how and why inland marine insurance developed, including the role of the Nationwide Marine Definition.
- Describe the following aspects of inland marine loss exposures:
- Items subject to loss
- Causes of loss
- Economic or financial effect of loss
- Distinguish between the filed and nonfiled classes of inland marine insurance.
- Describe the purpose and distinguishing provisions of each type of nonfiled inland marine policies described in this course.
- Describe the property covered by each of the filed inland marine forms discussed in this course.
- Explain why judgment rating is often needed for pricing inland and ocean marine insurance.
- Recommend an inland or ocean marine policy form to cover a described exposure.
We recommend that you study the modules in the order presented in the course.
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