Marine insurance, specifically for goods in transit and the commercial vehicles that carry them, applies to both water and land transport. While it can refer to inland marine insurance, it is commonly used for ocean marine insurance. This type of insurance protects against damages or losses to a ship's hull and cargo. It covers a range of perils such as collisions, sinking, capsizing, being stranded, fire, piracy, and even the act of jettisoning cargo to save other property. However, it typically does not cover wear and tear, dampness, mould, or war-related incidents.