What is required for property to be eligible under inland marine insurance?

Inland marine insurance is designed to cover moveable property that is typically in transit or that may move from one location to another. This type of insurance addresses the unique needs of businesses that possess goods, cargo, or equipment that are not fixed to a single location. For property to be eligible for coverage under inland marine insurance, it should generally be transportable, reflecting the nature of the items insured.

The focus on moveable and in-transit property helps ensure that businesses can protect their assets—such as machinery, tools, and goods—while they are being transported over land or stored at different locations, rather than being confined to a specific premises or fixed structure. This adaptability is crucial for industries where mobility is inherent.

Additionally, the other options do not align with the fundamental purpose of inland marine insurance. Fixed structures do not fit within the scope of coverage, nor do provisions specifically linked to how the property is manufactured or its specific market value. The emphasis is on the transportable nature of the property needing coverage, highlighting why it must be moveable and in transit for eligibility under inland marine insurance.