Inland Marine coverage
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Our inland marine solution is a unique offering combining elements of engineering (CAR/EAR), property, cargo, warehousing, and fine art and specie coverages to protect mobile floating property, property in transit or in storage, and property used in the course of construction. Munich Re Specialty leverages the strength of Lloyd's to offer primary inland marine insurance solutions to our partners in the United States.
Capacity
- Capacity of $30m
- Property related to inland marine
(no monoline — max per location) $5m - Natural catastrophe cover $15m
- Motor truck cargo $2.5m
Territory
Coverage details
- Builder’s risk
- Related contractor property including buildings, trailers, business/personal property, and business income
- Transportation (domestic)
- Rigger’s liability
- Contractors equipment
- Motor truck cargo legal liability
- Installation floaters
- Equipment sales and rental
- Exhibition floaters
- Fine arts
Target industries
- Reputable general contractors and developers (single projects and master programs)
- Equipment rental operations
- Iron and steel works
- Light manufacturing
- Medium haul trucking – general commodities
- Subcontractors
- Street and road
- Well servicing contractors
- Mobile medical equipment
- Electronic data processing
- Steel erectors
Out of appetite
- Transport of automobiles, pharmaceuticals, electronics
- Traditional recycling operations
- “Down the hole” energy risks
- Logging equipment
- Tunnel boring operations
- Structural remodel and heavy existing structure exposures
- Vacant buildings
Partner benefits
- AAIS, Proprietary and Form-Following wordings
- Primary or quota share
- In-house claims team renowned for quality handling of all aspects of loss and recovery
- Stand-alone coverage
- Rapid turnaround from local underwriters
- Regional appetite with significant aggregate available
Additional information
- Minimum premium: $20,000
Further information
About Munich Re Specialty
Munich Re Specialty – North America products and services are offered by and provided through insurance companies and producers/surplus lines brokers that are eligible or licensed in accordance with the laws and regulations of individual jurisdictions. Products and services are not available in every, and may vary by, jurisdiction. The information provided on this site is intended as general information only and does not constitute an offer to sell or a solicitation to purchase insurance or non-insurance products and services. Please be aware that the insurance policy and not any information provided on this site will form the contract between the parties thereto, and will govern in all cases. Munich Re Specialty – North America’s insurance products and services in the United States, Canada, and the United Kingdom are underwritten and provided by or through one or more of the insurers, producers/surplus lines brokers that are members of the Munich Re Group identified below. Each company is financially responsible only for insurance policies it has issued.
For more information on Munich Re Specialty, including licensing, regulatory-required, and other information on the operating companies, please click here.
