Boaters Need To Check Their Marina Slip Contract Against Their Boat's Insurance Policy

Do You Have the Coverage You Need?

Published online: Jan 17, 2008 News BoatU.S.
Viewed 348 time(s)

Before you sign your annual slip contract with your marina this year, be sure to read it carefully - it may obligate you to pay more than just the slip fee as marinas are inserting language in their slip contracts that shift the marina's legal liability to the slip holder in an effort control increasing marina insurance costs.

"What this means in real terms, for example, is if a boater's guest is injured due to the marina's negligence and sues the marina, or a boat is damaged by the marina and it declines to pay for repairs, the boat owner could be responsible for defending the marina and paying any amounts that the marina is responsible for," said BoatU.S. Vice President of Underwriting, Jim Nolan.

"In the insurance industry it's called contractual liability," said Nolan, noting that such slip contract language includes terms like "hold harmless and indemnify" and "defend and indemnify". "If they see this language, boaters should check to make sure that their boat's insurance policy provides them with coverage for these types of contractual liabilities before they sign their slip or storage contract," he added.

If the boat insurance policy does not include contractual liability coverage, boaters could find themselves paying big money out of pocket for injuries, defense lawyers and possibly property damage to their own boat because the "hold harmless" provision may insulate the marina from paying for damages it may have caused.

"Many boat insurance policies exclude contractual liabilities and do not allow a boater to simply sign away their insurer's right to be reimbursed for boat damage caused by the marina," added Nolan.

BoatU.S. marine insurance policies provide contractual liability coverage assumed under a boat storage or slip rental contract. For more information or an online quote, visit http://www.BoatUS.com/Insurance or call 800-283-2883.

You May Also Be Interested In...

April 01, 2015

California Fishing-License Purchases Are Dropping

If fishing is your game, you might want to take the luring call of California lakes with a grain of salt.
March 30, 2015

The Mini Bike Is Back!

The Downtube Mini Shimano Nexus 8SP Folding Bike has answered the call of demand and is back on the market!
March 25, 2015

Restored To Her Glory

If you’re interested in restoration stories, you don’t want to miss this one—which involves a little history lesson to boot.
March 19, 2015

Why You Should Keep Your Smoke Alarms Up To Date

If you want to hear a good argument for keeping your smoke alarms up to date onboard, check out this man’s story according to Cambridge News.
March 11, 2015

Unmanned Houseboat Drifts 165 Miles

You’ve heard of runaway dogs, but have you ever heard of a runaway houseboat?
March 04, 2015

Lake Norris Update: Twin Cove Marina Is Seeing Great Progress

In an admiral show of resilience and dedication, the heavy winter damage at Twin Cove Marina, Carryville, Tenn., is already being tackled by cleanup crews.
Follow us on Facebook!   Follow us on Instagram!   Follow us on Pinterest!   Follow us on YouTube!