Which type of coverage is generally found in an "inland marine" policy?

Study for the Oklahoma Property and Casualty Test. Use multiple choice questions and explanations to boost your readiness. Get prepared today!

Inland marine insurance is specifically designed to cover goods and property that are mobile, such as items in transit or storage, making coverage for goods or property in transit or storage the correct choice. This type of insurance originated to protect the interests of shippers and carriers of goods, and it extends to various types of property that are not traditionally covered under standard property insurance policies.

Inland marine policies recognize that certain properties, like valuable artworks, jewelry, equipment, and inventory, may be exposed to unique risks when they are not fixed to a location. Thus, the coverage addresses the risks associated with transporting these items over land or storing them temporarily.

The other options do not align with the typical coverage characteristics of inland marine insurance: flood damage is typically covered by separate flood insurance; liability coverage for public spaces is generally part of a general liability policy; and comprehensive coverage for personal vehicles falls under auto insurance policies, not inland marine. Therefore, the focus of inland marine on transit and temporary storage distinctly supports the choice regarding coverage for goods or property in transit or storage.

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