It is common for institutions financing automobile dealers' new car inventories to purchase a(n) _______ insurance policies to insure against damage to the automobiles while in inventory.

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Inland marine insurance policies are designed to cover property in transit or in storage. They are commonly used to insure goods that are being transported between locations or are stored in a warehouse, such as an automobile dealer's new car inventory. Inland marine insurance policies can protect against a variety of risks, including theft, damage, and loss of property.

It Is Common for Institutions Financing Automobile Dealers' New Car