Balfour Insurance Agency

When would an Inland Marine Policy be needed?
The protection provided for personal property under the typical homeowners/Condo/Renters policy is very broad, and includes coverage for your furniture, clothing, and personal items, in addition, it provides very limited coverage for items such as:  jewelry, silver, Musical Instruments, Fine Art, and firearms.  Inland Marine insurance is used to cover Specific Items at Agreed values. They are usually verified by receipts of purchase or  appraisal. These policies cover  types of loss that may be sudden such as the stone falling out of your diamond ring,  your antique statue is accidentally broken. Inland Marine covers in your home and where ever you take your Property.

What kind of property can be covered?

Many different kinds of possessions can be accommodated by these policies.  Items typically covered:

• jewelry
• silverware or goldware
• cameras (video or still) and related equipment
• china and crystal
• coins (rare and current)
• firearms
• furs
• golfer's equipment
• computer's