Does Inland Marine Cover Theft?

The California Department of Insurance lists theft among standard inland-marine perils that may be covered. The word “may” matters: forms differ, and the cited contractors’ equipment wording includes a specific employee-theft exclusion and separate treatment for items in a hired carrier’s custody. Other conditions can limit property left in a vehicle, property not listed on the schedule, or unexplained disappearance.

Read the theft wording and ask what evidence the insurer requires to distinguish theft from missing property. Check forced-entry requirements, unattended-vehicle conditions, security warranties, employee or subcontractor exclusions, and sublimits. Confirm the deductible and per-item or catastrophe limit for the equipment most likely to be stolen.