Other Property and Casualty Coverages
Inland and ocean marine
Inland marine covers property in transit, bailee exposures, and property of others. Ocean marine covers hulls, cargo, and freight. Both are known for flexible, nonstandard forms.
Crime, surety, and equipment breakdown
Crime coverage protects money and securities on and off premises plus employee dishonesty. Surety bonds are three-party (obligee, principal, surety) and are underwritten on the principal's credit - they are not expected-loss insurance. Equipment breakdown covers mechanical, electrical, and pressure equipment failures excluded by property forms.
Excess, professional, and management liability
Umbrellas sit above underlying policies and may drop down over gaps with a self-insured retention. Professional liability (errors and omissions) covers negligent acts in rendering services; D&O covers management acts; employment practices liability covers wrongful termination and discrimination.
Flood and earthquake
NFIP policies are written through participating communities and are subject to a 30-day waiting period. Maximum residential structure coverage is $250,000 with $100,000 for contents. Flood means inundation of normally dry land from rising water, mudflow, or erosion - sewer backup and rain through an open window are not flood. Earthquake is excluded on most property forms and needs separate or endorsed coverage.
Rule of thumb: whenever the loss involves water, identify the source. Rising surface water = flood (NFIP). Backed-up drain = endorsement. Burst pipe = property form, not flood.