boat insurance and Marinas

prowlersfish · Post by **prowlersfish** » Wed Jul 29, 2009 7:12 pm

how many of your marinas require the marina be put on your boat insurance as an additional insured ? This somthing new for our marina .I told them when they pay for it they can be on the policy , Guess I may be moving the boat

"Marina Operator as an additional insured"

1967 seavoyager · Post by **1967 seavoyager** » Wed Jul 29, 2009 9:29 pm

Isn't that just covering the marina for damage caused by your vessel ? Say, an electrical fire or a fuel leak. For my heating license I have to add the City of Syracuse in case the city gets sued (because I'm a license holder) as a result of my work.

prowlersfish · Post by **prowlersfish** » Wed Jul 29, 2009 10:05 pm

Maybe but the would be covered anyway . I think it would put them first .

Tuck · Post by **Tuck** » Wed Jul 29, 2009 10:21 pm

at my marina, we're supposed to have insurance...which i do...but i don't recall a condition such as that.

they never even checked for my insurance, actually.

like the bit about them paying part of your premium. hehe

alexander38 · Post by **alexander38** » Thu Jul 30, 2009 5:29 am

hey Paul they do it so it drops their rates. And u know where I'm at and they just want u to have it on your boat, my slip fee is $ 2,000 a yr and my elec bill has be no higher than $ 15.00 a month. but the water sucks ( well water )

aaronbocknek · Post by **aaronbocknek** » Thu Jul 30, 2009 6:30 am

my marina just requires proof that the vessels docked there are insured and they do check on the policies. they do stipulate that during the winter if you are in the water that you do not live on board, and wooden hull vessels are not allowed. the one thing that i do not agree with though is the 4 dollar electric "meter reading fee" and the higher than normal for the county electric rate.

gjrylands · Post by **gjrylands** » Thu Jul 30, 2009 8:53 am

Chicago also requires insurance for vessels moored in any of the harbors in the city. Proof of insurance must be shown before the permit sticker is issued. The city does not have to be named as an additional insured.

Stripermann2 · Post by **Stripermann2** » Thu Jul 30, 2009 11:12 am

Paul, my marina requested it too a few years ago and requires that they be named as an additional insured...

I never added it or provided it to them. I refuse to pay a premium, listing them as an insured party.

Dan Faith · Post by **Dan Faith** » Thu Jul 30, 2009 12:12 pm

I deal with this all the time, we are a manufacturer and our customers request to be named and show a certificate of insurance. This is if our product causes a claim our insurance would pay. This does not cost us anything in addition to our insurance. I have been at marinas that request a copy of you insurance policy so they know you are insured. I have never heard of requesting the customer to pay for being named on their policy.

prowlersfish · Post by **prowlersfish** » Thu Jul 30, 2009 12:58 pm

My company will not put them on it anyway

daydrmr999 · Post by **daydrmr999** » Thu Jul 30, 2009 5:49 pm

Most of the marinas I've looked into here in So Cal require them to be an additional insured.

Mike

jddens · Post by **jddens** » Fri Jul 31, 2009 7:12 am

My marina required insurance and needed proof. They also requested to be named as additional insured. I never added them and the subject hasn't come up since.....

roninva · Post by **roninva** » Sat Aug 01, 2009 9:23 pm

it's no different then when you are renting an office or retail store space. You list the property owner on the policy as well. Their insurance will cover them if you don't have insurance but it isn't really costing you anything to add them to the policy.

prowlersfish · Post by **prowlersfish** » Sat Aug 01, 2009 9:41 pm

Yes it will cost me , a lot of Insurance co. will not put a marina on your poicy as a insured party . so I would have to change to someone like boatus(at a rip off price) plus the cost of a survery . .

LSP · Post by **LSP** » Sun Aug 02, 2009 8:50 am

I only store my boat during the off-season and just insurance verification is needed. I spoke with a couple locals in my area and they don't add the marina to the policy.