Which property is not covered under wet marine and transportation insurance?

Wet marine and transportation insurance is designed to cover risks associated with the maritime transportation of goods and property. This type of insurance specifically addresses losses incurred during the movement of property over water and other transportation methods associated with maritime activities.

Property transported solely by land is not covered under wet marine and transportation insurance because this insurance is primarily focused on maritime activities and risks associated with waterborne transport. Land transportation falls under different types of insurance, typically categorized as inland marine or standard property insurance, which deal with risks associated with land transit rather than maritime interests.

In contrast, property shipped via ocean freight, transported by air carriers, or housed in a warehouse awaiting shipping can be covered under various types of marine insurance policies depending on the specific terms and conditions. Ocean freight is inherently linked to wet marine insurance, while air carriers can be subject to certain marine insurance provisions if they involve transporting goods that are typically covered under marine risks. Property in warehouses may also fall under marine coverage if it is part of the shipping process.

Thus, the core distinction lies in the mode of transportation for the property, with wet marine insurance specifically excluding those goods transported only by land.