When is it recommended to use an 'inland marine' insurance policy?

Inland marine insurance policies are specifically designed to provide coverage for goods, equipment, or property that is in transit or that may be located away from the owner’s premises. This type of insurance originated from the need to cover goods transported over water, but it has evolved to include coverage for various types of movable property and interests in properties that are not necessarily fixed at a single location.

Thus, the recommendation to use an inland marine policy is particularly relevant for properties that require protection while they are being transported or are temporarily located off-site. For instance, this could include coverage for tools used at job sites, goods being shipped by truck, or art pieces temporarily displayed at galleries.

The other options do not align with the defined use of inland marine insurance. While fixed properties (like those mentioned in the first option) don't require such coverage, and vacation-related coverage is typically covered under different personal insurance policies, properties without a risk of transport or those located in a singular commercial space do not fit the criteria for inland marine policies either.