Storms, hurricanes, melting snow, and overloaded drainage systems can all cause flooding. All ten vehicles listed have results that are more than three times the average for all cars. Inland marine is a term that dates back to the days of sailing ships, when ocean marine coverage was what international merchants needed. Personal inland marine policies insure both ordinary and unique items. Coverage is extended to newly acquired property, so long as they are reported within a certain time frame, and so long as similar articles have been covered by the policy.
Coverage is worldwide, except for fine arts, which are restricted to the United States and Canada.
Items covered are not subject to any deductible amount. Typically, property covered includes clothing, luggage, and toiletries anywhere in the world other than in the insured's own home. Because most homeowners policies today cover personal effects away from home, the personal effects floater is limited in its application. Your agent may be the best person to tell you when and under what circumstances these policies are appropriate. Every so often, newspaper headlines announce a stunning multi-million dollar award for a liability claim.