Every marina is different. Due to this, it is important, that as a marina owner, you have an insurance agent that can offer a variety of different coverages. Insurance for marinas can be complicated and no two places are just alike. Here are just a few of the coverages that you may want to think about when purchasing insurance.
Pollution and Oil Spill
Even if you go through all of the appropriate measures to avoid an oil spill or pollution, it can still happen to you. Oftentimes, pollution is sudden and the cost for cleanup is high. Even if you don’t think you will have to deal with pollution, it’s better to be covered.
Accidents happen. If an accident occurs at your marina or if you have trouble with vandals, you could be liable to pay out of pocket for damages. If you have insurance coverage, however, your plan may pay for damages.
Coverage for Rented Boats
If your marina offers boats on loan to your members, then you want to make sure that you have a liability program in place. You can never predict the damages that can occur on rentals.
Do not take insurance for marinas lightly. Coverage is important to ensure that you have a safety net in case of any accidents, vandalism or even weather damage.