Tools & equipment coverage (inland marine)

Why it matters to you

Standard property coverage protects things at your address; the gear that makes you money travels. A stolen truck box or a dropped meter on a job site typically isn't covered unless this is in place — insurers price it by the value of the gear you list.

Where you’ll see it

On quotes and policies under the old shipping name “inland marine” — same idea: property that moves. You'll also meet it as an “equipment floater” or a request for a tool schedule (an itemized list of your gear).

Related terms

• Commercial property insurance
• Business owner's policy (BOP)