Which of the following statements accurately describes inland marine coverage?

Inland marine coverage is primarily designed to protect movable property that is not confined to a fixed location. The key aspect of this type of insurance is its ability to cover varying risks associated with property that can be in transit or located at different sites, reflecting its expansive scope beyond traditional marine coverage. This means that it includes items such as equipment, tools, and goods while they are being transported over land or while they are in storage at various locations.

This coverage is essential for many businesses that need protection for their movable assets, regardless of whether those items are actively being transported or stored temporarily away from their primary business location. The flexibility of inland marine insurance is what makes it suitable for a range of industries that rely on the mobility of their property.

The other statements do not capture the full scope of inland marine coverage. For example, it does not apply exclusively to water-based shipments, only covers overseas transit, or is limited to commercial vehicles. Instead, it encompasses a broader range of risks associated with various types of movable property.