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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
