Does Inland Marine Cover Inventory?

Inventory can have different exposures at a warehouse, retail location, temporary site, or in shipment. The California Department of Insurance places inventory within business personal property under commercial property, while it separately describes inland-marine forms such as motor truck cargo and trip transit. A cargo or transit form therefore should not be assumed to cover stock stored at your premises, and a premises policy may not follow it through every shipment.

Check where title and risk of loss transfer, whose goods are insured, shipment methods and routes, storage periods, seasonal values, and any per-location or per-conveyance limits. Match the policy description to raw materials, work in process, and finished goods, and coordinate the declarations and transit terms to avoid an uninsured handoff.