Question

Coast-to-Coast Trucking is in the business of transporting fresh produce from farmers to markets all across the U.S. Which type of inland marine policy would best protect Coast-to-Coast Trucking's interest in the produce that it ships?

Option 1: Bailee's Customer Policy
Option 2: Commercial Articles Coverage Form
Option 3: Motor Truck Cargo Policy
Option 4: Valuable Papers and Records Coverage Form

Answer 1

A Motor Truck Cargo Policy is the best insurance option for Coast-to-Coast Trucking to protect its interest in the shipped produce, as it offers specific coverage for cargo during transport. Option 3 is correct.

Step-by-step explanation:

The best type of inland marine policy to protect Coast-to-Coast Trucking's interest in the produce that it ships would be a Motor Truck Cargo Policy. This type of insurance is designed specifically for businesses like Coast-to-Coast Trucking that are involved in the transportation of goods.

It provides coverage for the cargo and can also protect the business in case of liability for lost or damaged goods. The other options, such as the Bailee's Customer Policy, are more suited for businesses that temporarily hold the property of others, like dry cleaners or repair shops.

The Commercial Articles Coverage Form is for businesses shipping high-value items, typically not produce, and the Valuable Papers and Records Coverage Form protects important documents, which wouldn't apply in this case.

The type of inland marine policy that would best protect Coast-to-Coast Trucking's interest in the produce it ships is the Motor Truck Cargo Policy. This policy specifically covers the cargo that is being transported by the truck. It provides coverage for any potential damage or loss to the produce during transportation.