Marinas abound in coastal communities around the world, offering a safe place for vessels to dock for storage, repair, or refueling. No place is completely safe, however, which is where marina insurance comes in. The experts at Mariners General Insurance Group offer advice on the top types of coverage marina operators should always carry.
If an accident was to occur on marina property or on a vessel owned, leased, or rented by the marina, you could be liable for damages. Liability coverage can help protect you from that risk. It can also protect you from accidents that happen during a club-sponsored event or regatta.
Members who bring personal property to the marina or store it on their boats can face significant losses if it becomes damaged. There is also a chance that vessels under repair could become damaged. Policies that pay to repair or replace member property can help cover those costs.
Facilities and Grounds
From docks to fueling areas to repair shops, there are plenty of areas within a marina that could suffer damage due to fire, theft, vandalism, or other hazards.
Always take the activities and operation of your marina into consideration when determining coverage needs. You may need additional coverage for activities like sailing schools, charter programs, or accidental pollution. Talk to a knowledgeable and experienced agent to design a package that’s right for you.