What type of insurance does wet marine and transportation insurance cover?

Wet marine and transportation insurance specifically covers vessels and their related interests, including the equipment and cargo that is transported on these vessels. This type of insurance is essential for those involved in shipping and maritime activities, as it addresses the unique risks associated with waterborne transport, such as damage to the ship itself or loss of cargo due to marine perils like storms, collisions, or sinking.

The focus of wet marine and transportation insurance is mainly on waters and the transactions that take place therein, reflecting the inherent risks of marine operations. This means it encompasses not only the vessels but also the business aspects tied to marine transportation, ensuring that all related interests are protected.

In contrast, other options provided would not fall under the purview of wet marine and transportation insurance. For instance, health insurance for marine employees pertains to their health coverage and wellbeing, while insurance for dry land transportation targets risks associated with vehicles moving overland. Lastly, automobile transportation insurance is specialized for vehicles used on streets and highways, which is distinctly different from the perils faced by marine vessels.