What eligibility criteria must property meet to be covered under Inland Marine Insurance?

Inland Marine Insurance is designed to provide coverage for certain types of property that are typically in transit or that facilitate transportation. The key characteristic of property eligible for this type of insurance is that it must be movable, meaning it is not fixed in place, and is often related to transportation or shipping activities. This includes items that are being transported over land or even in storage facilities that are considered part of the shipping process.

Understanding this principle, the property covered often includes goods being shipped, tools of the trade, or equipment necessary for services that are mobile in nature. This aligns perfectly with the criteria described in the correct answer, emphasizing the importance of mobility and the connection to transportation.

In contrast, other options present criteria that do not align with the core purpose of Inland Marine Insurance. For instance, requiring the property to be owned by the insured does not capture the essence of coverage for items intended for movement or transit. Additionally, specifying that property must be domestic and stationary contradicts the nature of Inland Marine Insurance, which focuses on property that is not fixed in place. Lastly, while collectible items might be insured under some policies, they do not inherently meet the broader applicability of transit-related characteristics essential to Inland Marine coverage.