Re: What are typical marina liability insurance requirements
What are typical marina liability insurance requirements in the Great Lakes?
As we're shopping for our new boat (up in the Great Lakes) and lining up insurance, etc. they want to quote insurance with a $100K liability. Was a little surprised. Down here in FL marinas seem to be commonly asking for $300,000 but Marina Jack in Sarasota wants $1M liability.
Of course they do have some fancy boats there...
You won;t be getting a slip on the great lakes with only $100k liability insurance. $1m is the MINIMUM and lots of marinas are starting to ask for $2m as the liability coverage. Males sense really if you "bounce" off another boat its easy to to alot of $ in damage. $100k just doesn't cut it.