What Doesn’t Inland Marine Cover?

Inland marine is a family of forms, so exclusions differ. The cited contractors’ equipment wording, for example, excludes aircraft and watercraft, and separately addresses employee theft, mechanical breakdown, wear, loss of use, and other causes. That sample cannot be treated as a rule for every inland-marine policy.

Also check whether the form covers the category you need at all: a contractors’ equipment floater is not automatically cargo, installation, or ocean-marine insurance. Review “Property Not Covered,” “Perils Excluded,” territorial limits, any schedule, and endorsements. Ask the broker to identify a gap explicitly if you need coverage for flood, borrowed property, equipment breakdown, property lent to others, or another excluded exposure.