A commercial inland marine policy typically includes which of the following components?

• A. Declarations page only
• B. Common policy conditions form only
• C. Declarations page, common policy conditions form, inland marine conditions form, and one or more inland marine coverage forms
• D. Endorsement riders only

Answer: (C)

A commercial inland marine policy is typically written as a package that includes all four components: the declarations page, the common policy conditions form, the inland marine conditions form, and one or more inland marine coverage forms. The declarations page shows who is insured, what property or risk is covered, the policy period, limits, and premium. The common policy conditions form provides the general terms that apply to all coverages in the policy. The inland marine conditions form sets specific duties and procedures, such as duties after loss and how losses are handled. The inland marine coverage forms define the actual coverages available for the insured’s property or risks, such as transportation, instrument coverage, or Bailee coverage. Endorsements may be added to tailor the policy, but they don’t create the base policy by themselves.