Inland Marine Policy

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Insurance

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Datapoint

Description

This is some text inside of a div block.

Named Insured

Legal name of the entity or individual covered under this policy.

Named Insured Address

Mailing address associated with the Named Insured.

Policy Effective Date

Start date of coverage under this policy.

Policy Expiration Date

End date of coverage under this policy.

Insurer Name

Name of the insurance company providing this policy.

A.M. Best Rating

Financial strength rating of the insurer at the time of issuance.

Insurer Status

Indicates whether the insurer is admitted or non-admitted in the state of issuance.

Scheduled Item Insured

List of specific property or equipment insured under this policy.

Scheduled Limit of Insurance

Policy limit applied to each scheduled item or group of items.

Loss Payment Basis

Settlement method applied to losses (e.g., Replacement Cost, Actual Cash Value).

Scheduled Contractors' Equipment / Property Floater Deductible

Deductible applied to scheduled contractor equipment and property floaters.

Earth Movement Deductible

Specialized deductible for claims arising from earth movement events.

Wind/Hail Deductible

Deductible applied to wind or hail-related claims.

Named Storm Deductible

Deductible applied in the event of a named storm.

Supplemental Coverage Deductible

General deductible applied to additional coverage sections below.

Contractors' Equipment Spare Parts

Coverage for spare parts associated with insured contractor equipment.

Newly Acquired Contractors' Equipment

Coverage extension for contractor equipment acquired during the policy term.

Leased, Rented, or Borrowed Contractors' Equipment

Coverage for non-owned equipment used under lease, rental, or borrowing terms.

Debris Removal Limit

Maximum limit for debris removal following a covered loss.

Fire Protective Equipment Coverage

Limit applied to damage or loss involving fire suppression or detection equipment.

Inventory or Appraisals Coverage

Limit for post-loss inventory assessments or appraisal costs.

Pollutant Clean-Up or Removal Coverage

Maximum reimbursable limit for pollutant clean-up due to a covered peril.

Fire Department Service Charge

Limit for charges imposed by responding fire departments.

Estimated Annual Premium

Total premium charged for the Inland Marine policy (excluding taxes and fees).

Terrorism Premium (TRIA)

Premium specifically associated with terrorism coverage under TRIA.

Description of Taxes, Fees, and Surcharges

Detailed breakdown of all additional charges included in the policy.

Payment Terms / Installment Plan

Description of the selected billing structure (e.g., annual, quarterly, monthly).

Binding Conditions

Documents, subjectivities, or approvals required to activate and maintain coverage.

An Inland Marine policy outlines detailed coverage information for movable property, equipment, and supplemental protections. It begins with policyholder details, including the named insured, mailing address, and policy effective and expiration dates. Insurer information such as the carrier’s name, A.M. Best rating, and admission status is also included for financial and regulatory context.

Feathery’s AI extracts critical coverage details such as scheduled items, coverage limits, and loss payment basis, as well as multiple deductible types, including those specific to earth movement, wind or hail, and named storms. Additional extensions and features are also captured, covering contractors’ equipment, leased or borrowed assets, debris removal, pollutant clean-up, fire protective equipment, and more. The template also parses premium and fee details, terrorism premiums, and selected payment terms. By automating the extraction of this complex data, Feathery reduces manual effort, increases accuracy, and speeds up policy review and compliance for inland marine coverage.

Related templates

ACORD 25

ACORD 26

ACORD 27

Inland Marine Quote

Inland Marine Application