SailNet Community - View Single Post - Boat Aground In Annapolis, MD- Can someone help this man
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post #102 of Old 05-16-2011
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Back to the beginning, it appears the owner of the boat that broke
loose did not have "liability" insurance, so the owner of the boat he
damaged has to pay for the other person's negligence. If you have any
assets and want to keep them some form of liability insurance may
help you do that. If you don't have assets worth going after, no worries,
short of going to jail.

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