Marina Insurance
Marina Insurance Coverage
Guardify offers marina insurance for marina operators, boat dealers, and yacht clubs. Marina owners and operators often need marina insurance that combines liability coverage as well as property and casualty coverage in one policy.
Guardify agencies can help you to access a combined policy option, specifically designed for marinas, so that you can get the following coverages all in one package:
- Marina Operators Liability Insurance
- Commercial General Liability Insurance
- Protection & Indemnity and Hull for Owned Boats
- Wet & Dry Property Coverage
- Sudden & Accidental Pollution
- Liquor Liability (in some cases)
Marina Insurance Requirements
In finding the right marina insurance, be sure to read the fine print. Some policies seem like a good deal for your budget, but they may require extreme measures as a prerequisite for coverage during storm conditions. For example, a policy could require all boats to be removed from the water by a certain distance when certain wind speeds occur as a condition of coverage. Depending on your marina location and the type of coverage you are looking for, a marina insurance policy with overly strict or unreasonable storm preparation requirements may not be realistic for your operations.
Marina insurance requirements may vary according to state and federal regulations, in order to meet certain industry and customer safety standards. It's helpful to check with relevant regulatory agencies in your region to make sure that you have the most up-to-date information before purchasing a policy. Working with a qualified agent can help you to avoid common pitfalls and stay on top of any changes in marina insurance requirements, so that you find the right coverage for your marina.
Marina Insurance Specialists
Just because a policy is called "marina insurance", it doesn't mean it will give you meaningful coverage when you need it. A Guardify Marina Insurance specialist can help you get quality coverage that will protect your marina property and investment.
Who Is Marina Insurance For?
Most often, marina insurance is for:
- Marina owners
- Marina operators
- Boat dealers
- Yacht clubs
If you're not sure whether your marina operation fits into the above categories, talk to a Guardify commercial insurance expert who can help you assess your operations and insurance requirements.
Looking for insurance for Marine Rental Facilities? Guardify may have additional options available for marine rental facilities coverage. Contact a Guardify representative to learn more, and to discuss combined options for adding marine rental coverage to your marina package.
Marina Insurance Carriers
Marina insurance is a unique product niche within the insurance industry, and many marina owners and operators need to find quality coverage through marina insurance programs. Guardify works with marinas to place quality coverage based on carrier underwriter requirements, in order to meet coverage needs.
Marina Insurance Programs
When applying for coverage through a qualified marina insurance program, be prepared that certain minimum premium amounts and limits may be necessary to determine eligibility.
Working with a qualified Guardify marina insurance specialist can help you save time by finding policy options that will meet your terms.
Types of Marina Insurance
Two common types of marina insurance include Marina Liability Insurance and Marina Operators Legal Liability insurance. Learn more about this type of insurance below.
Marina Liability Insurance
Marina Liability Insurance typically refers to commercial general liability insurance that is adapted specifically for marinas. A marina liability insurance policy typically will include property liability coverage, bodily injury, and other broad liability coverage terms in a manner that is specific to the marina industry.
Marina Operators Legal Liability Insurance
Marina Operators Legal Liability Insurance, sometimes abbreviated or referred to as "MOLL", offers liability insurance and protection against claims relating to the care, custody and control of property under the marina operator's care (such as watercraft).
Looking for Liability insurance for boats? View our coverage options for boats, yachts and other vessels under Personal Insurance options.
Marina Insurance Application
Marina insurance can require a specialized application process. If you are applying for insurance, be prepared that different carriers may require different applications. Inspections may also be required as part of the application process.