If you’re on the hunt for affordable marina liability insurance coverage, you should know that not all plans are equal. To get the best deal, you should educate yourself on the ins and outs of this type of insurance so you’ll know what questions to ask and what to search for. Here are three beneficial features that every good plan should include.
1.Covers Land and Water Risks
A marina faces dangers from both land and water. Thus, a good plan should take both into account. Common risks include storms, theft or vandalism. Typically, a marina faces damage costs when yachts or boats need repair after a storm or a break-in occurs at a restaurant or office.
2.Available to Public and Private Vessels
Marinas can harbor privately owned vessels, vessels available for rent or even large cruise ships. Marina liability insurance that best suits your needs should cover every type of vessel you serve.
3.It Expands Beyond Docking
Certainly, there are risks just to dock a vessel at the harbor. Mishaps also occur while fueling, repairing or transported a vessel as well. Good coverage offers protection during any activity you might engage in on an average workday.
Including these three features in your marina liability insurance is a great indication that you made a wise investment. Top rated insurance companies can include these assets for a price that won’t break the bank.