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What Is Inland Marine Insurance?

What Is Inland Marine Insurance?

It sounds contradictory, but it’s a very helpful form of insurance.

Here’s what inland marine insurance is and why you need it.


As you may recall from our “History of Insurance” video, marine insurance was the first type of insurance available.

Back in the 1300’s, “shipping” was a very literal term. In order to get things from place to place, people relied on marine transportation—namely, ships. And because of the risk of storms, piracy, and other dangers, merchants needed coverage for the expensive cargo on those ships.

As time went on, however, larger cities began popping up much further away from the coast. These inland locations faced a completely different set of risks and therefore required a similar, but unique, type of insurance.

Thus, inland marine insurance was born.
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