Railroad Rolling Stock Insurance

Railroad Rolling Stock Insurance

An insurance policy providing coverage for a railroad against damages that it causes to another railroad's equipment, as well as to any goods belonging to a third party that the second railroad carries. The policy provides all risks coverage, meaning it pays for any damage not specifically excluded. For example, if a train crashes into a train belonging to another railroad company, rolling stock insurance will pay for damages. As with all insurance, the railroad must pay a premium to receive the coverage.
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