'81 H22 & '86 Legend 37
Join Date: Jan 2014
Location: Port Wing
Thanked 7 Times in 6 Posts
Rep Power: 2
Re: 10K$ boat --- Are Insurance and Survey REALLY mandatory?
Liability of 2m is pretty common with most marinas.
My gosh. $2M? I just dragged out my slip contract and read it. It says:
4. Tenant agrees to have his or her boat properly insured and shall provide proof of liability insurance in an amount no less than $500,000 per occasion and list the City of Ashland as Additional Insured on the policy. Tenant will be held responsible for damage he or she may cause to other boats in the Marina or to the structure or facilities thereof.