Some valuables belong outside the safe-deposit box. Cochrane & Company’s Personal Inland Marine Insurance program offers tailored protection for high-value personal property that standard homeowners policies may limit or exclude.
Overview of the Program From Cochrane & Company
Cochrane & Company, a trusted Managing General Agency, offers a flexible and robust Personal Inland Marine Insurance program designed for agents and brokers looking to place individual high-value items that require broader coverage than what is typically available under a homeowners policy. Whether you're working with clients who own rare collectibles, luxury jewelry, or recreational equipment, this program offers a market solution that’s accessible and competitive.
Ideal Accounts and Appetite
This program is ideal for insureds with valuable personal property that needs to be scheduled or specifically protected. Examples include:
- Private collectors of fine art, coins, or stamps
- Musicians with professional-grade instruments
- Recreational enthusiasts with golf carts or sporting equipment
- Clients storing belongings in mini-storage units
- Owners of high-value jewelry, furs, or firearms
You might have a client who owns a vintage guitar collection or someone who keeps a valuable coin collection in a storage facility—this program can help you place that account with confidence.
Coverage Highlights and Advantages
Cochrane & Company's Personal Inland Marine policy offers competitive and flexible coverage options tailored to niche property exposures:
- All Risk coverage available for most classes
- Limited or Broad Form options for musical instruments
- Breakage coverage available for fine arts
- Named Perils and Burglary coverage for mini-storage contents
The program can accommodate a wide range of item types, including:
- Jewelry and Furs
- Fine Arts
- Guns
- Golf Equipment and Golf Carts
- Motorized Ground Maintenance Vehicles
- Cameras
- Stamp and Coin Collections
- Mini-storage unit contents
- Silverware
Underwriting Notes and Minimum Premiums
Minimum premiums vary depending on the item class, value, and coverage type. The program is written on a non-admitted basis, allowing for customized terms and broader flexibility in underwriting. Submissions are reviewed case-by-case, and Cochrane & Company works closely with agents to help secure coverage for hard-to-place or unique personal property.
Territories and Availability
This Personal Inland Marine program is available in the following states: Alaska, California, Idaho, Montana, Nevada, New Mexico, North Dakota, Oregon, Washington, and Wyoming.
Why Work With Cochrane & Company?
With decades of experience as a Managing General Agency, Cochrane & Company provides agents and brokers with access to specialized markets and responsive underwriting support. If you're struggling to place personal property that falls outside the comfort zone of your standard markets, Cochrane & Company can be your go-to partner. Their ability to write niche and non-standard risks makes them a valuable resource for inland marine coverage.
For more information on our Personal Inland Marine Insurance, please feel free to contact us!
Frequently Asked Questions
What types of accounts are a good fit for this program?
This program is ideal for insureds with high-value personal property such as jewelry, fine art, collectibles, musical instruments, or contents in mini-storage units.
Can this program cover items stored outside the home?
Yes, coverage is available for contents located in mini-storage facilities, with options like Named Perils and Burglary protection.
Is this program available in all states?
No, it is currently available in AK, CA, ID, MT, NV, NM, ND, OR, WA, and WY.
Does the program offer All Risk coverage?
Yes, All Risk coverage is available for most classes, with some limitations depending on the specific item.
What is the minimum premium for this coverage?
Minimum premiums vary based on the class of item and coverage needed. Contact Cochrane & Company for underwriting guidance.
Need help placing an account? Connect with a market specialist.