Arkansas Insurance Adjuster Practice Exam

What type of Inland Marine insurance policy should Anna's Rare Books buy to cover the shipment of three F. Scott Fitzgerald first editions?

1. A motor truck cargo policy

2. A trip transit policy

3. An annual transit policy

4. A pair and set policy

The correct answer is: A trip transit policy

A motor truck cargo policy would only cover goods transported by a truck, which may not be the case for the shipment of books. An annual transit policy would cover multiple shipments over the course of a year, which may not be necessary for just three books. A pair and set policy would only cover items that are part of a set or pair, which does not apply to individual books. A trip transit policy is the most appropriate choice as it specifically covers a one-time shipment of goods, in this case the three F. Scott Fitzgerald first editions. This ensures that the books will be protected during their journey and any potential damage or loss will be covered.