Ever wonder how flexible your marina insurance can be for your yacht club? Here are the different instances where this type of insurance will cover your vessels, property and members.
1. Hull & Liability
As long as the boats or yachts are being used for normal club events and activities, each vessel can be protected under your marina insurance.
2. Sailing School Training
Teaching novice sailors in a yacht club training class places property or hull damage risks to your club since each sailor isn’t certified to operate a vessel.
If you rent a boat to a member in your yacht club to travel across the border, you are responsible for the damages that occur to the motorists or vessel.
4. Facility and Grounds
When a storm or other adverse event cause damages to the buildings or docks on your property, they can be covered under your yacht insurance policy.
5. Member Property
Yacht club members can keep their vessel stored on your property and remain covered under your marina insurance so long as the damages occur while parked at your docks.
If you hold boat or yacht racing events for your club members, each vessel and driver can be covered under your specialty boat insurance.