Marine Insurance Terms

 

Marina Operators Legal Liability

 

This coverage is written on behalf of the Marina owner to cover the legal liabilities incurred for each of the exposures for loss or damage to third party vessels and/or property in your care, custody or control for:

a)                 repair, alterations and/or maintenance

b)                 storage

c)                  mooring at slips, spaces or buoys rented by the Insured

d)                 hauling out or launching not in connection with a) or b)

e)                 fuelling and miscellaneous servicing of a transient nature

 

IMPORTANT NOTE: The terms and descriptions of terms on this page or these pages is not meant to replace or define any policy wording or term or the limit or enhance any meaning of any term(s) or conditions of any policy of insurance. These comments are just that, comments and nothing more. They are provided for you to refer to, so you can ask your insurer for an exact meaning or explanation of the coverage you own or are contemplating purchasing. All policies are subject to exclusions and revisions of meanings of standard terms. Your policy covers you, and you need to ask questions now- before any loss, to understand what you have. We are not lawyers, and we do not provide legal opinions. We are Insurance Brokers and we provide guidance and try and help you understand coverages and coverage issues. READ YOUR POLICY, a boring but informative task and ask questions. Use this document to help you ask those questions and learn from your Agent or Broker. He or she is there to help you, if they don’t do the job, find another one.