A class of Coverage for movable property in transit, excluding ocean crossing; includes bridges and tunnels, because they are implements of transportation. covering boats, motors and Material for use on one machine, one vehicle, one unit. For example, a car comes “equipped” with five tires. Tires other than those on the car are... More for named perils (fire, collision and The wrongful taking of the property of another. It is a broad term and includes larceny, pilfering, hold up, robbery and pick pocketing) or, at a higher premium, for all risks. Some policies include liability To protect with insurance, or the insurance protection provided. for property damage to other vessels.