Common Insurance Requirements
| Requirement Type | Typical Minimum | Purpose |
|---|---|---|
| General Liability | $300,000 - $500,000 | Covers damage to other boats and marina property. |
| Fuel Spill Liability | Included in liability | Covers cleanup and fines for environmental leaks. |
| Wreckage Removal | Specific endorsement | Covers costs to raise and remove a sunken boat. |
| Proof of Insurance | Updated annually | Ensuring the policy remains active throughout the lease. |
Marinas may also require being named as an "additional insured" on your policy, which gives them direct protection under your coverage for incidents occurring in your rented space.