Five Typical Boat Insurance Requirements By Marinas

Marinas usually welcome boats of varying sizes and have plenty of families, group and individual activities that can keep you busy all day.

Marinas also have rules you must follow if you want to be a member, which vary depending upon marina. Some of the boat docking regulations concern insurance and marinas typically have these five requirements.

  1. Coverage for another vessel in case of a crash – If you bump into someone else’s boat at the dock or have a crash in the water, you may need to have coverage for that just in case.
  2. The inclusion of payments to a marina for property damage — The dock might be another item besides someone else’s boat that is damaged during a collision. The marina probably will expect you to be able to pay for this.
  3. A minimum amount of coverage – In addition to items covered, you might be presented with a specific minimum amount of money that your policy would pay. Your Allegiance Insurance Agency representative can help you decide what amount this should be.
  4. Adherence to rules to keep docking costs from rising – Your insurance, as well as the marina’s insurance, is less likely to raise if you heed all safety precautions offered to you.
  5. Proof of insurance –Some marinas might ask you for your insurance certificate before you can register with them. Have it with you in case they ask for it.

Some marinas might also require that you have coverage for injuries to other people as well. Make sure you ask a representative at the place where you want to keep your boat for more information.

The kind of policy you need may also depend on whether or not you store your boat at the dock for the winter. If you have any insurance questions, please contact your Richardson, TX agent today. Allegiance Insurance is happy to help you anytime.