What Insurance Covers Equipment In Transit?
Inland-marine or transit coverage may protect equipment while it moves, if the equipment, route, and limits are covered.
A contractor’s tools in a truck and inventory shipped to a buyer are different exposures. Equipment coverage can apply to scheduled items in transit; cargo coverage insures goods in shipment for a covered interest.
Check equipment or goods schedules, transit routes, theft restrictions, per-item limits, and whether the insured owns the property or bears the loss risk.
