Is a yacht policy considered an inland marine form that provides property hull coverage only?

A yacht policy is not strictly categorized as an inland marine form that provides property hull coverage only. Instead, yacht policies typically encompass a broader range of coverage that can extend beyond just the hull itself. They may include protection for personal effects, liability coverage, and other endorsements that address various risks associated with marine activities.

While inland marine insurance does cover certain types of transportation and mobile property, a yacht policy is specifically tailored to watercraft and their related risks, which differentiates it from the conventional classification of inland marine insurance. Therefore, it's essential to recognize that yacht policies offer comprehensive marine coverage rather than being limited solely to hull property coverage. This distinction is why the correct answer is that the statement in question is false.