Property & Casualty Exam Prep 56, Ocean Marine and Inland Marine

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - Ocean Marine insurance has four key coverages for sea transit: Hull, Cargo, Freight, and Protection & Indemnity (P&I). - Inland Marine insurance covers property that is mobile or in transit over land, not necessarily related to water. - A common exam trap is the name "Inland Marine"; it primarily concerns mobile property and transportation risks, not boats on lakes. - Bailee's policies are a type of Inland Marine coverage protecting businesses with temporary custody of customer property, like repair shops. - Commercial Floaters, like the Contractors Equipment Floater, are Inland Marine policies that cover property that moves between locations. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep