Some municipal marinas in Canada are demanding to be added as an "additional insured" on boat policies. This is a requirement to keep your boat at the marina but adding them to your policy has two additional benefits:
1. It provides some assurance that your marina neighbour has liability coverage. Some boaters were cheating the system by getting a policy, sending a copy as confirmation to the marina then cancelling the policy. Once the marina is named as an additional insured they will receive notice if your policy is cancelled. The onus is then on the marina to take appropriate action. Transient boaters don't have a contract with the marina so they will likely be exempt from this requirement.
2. The marina will automatically receive notice of renewal so the boat owner no longer needs to worry about sending them confirmation of coverage each year. If the marina manager asks for confirmation of coverage you can politely point out it was sent to them on renewal.
Adding the marina as additional insured means your insurance company will defend the marina if they are named on a lawsuit because of an incident caused by your boat. Lawsuits tend to name every person or entity connected to the incident regardless of who is at fault. As an additional insured the marina is protected from the cost of nuisance lawsuits arising from the actions of their clients. This would not apply if the marina caused the accident or if they damage your boat. The marina has their own insurance for those situations.
If your marina demands to be added as an "additional named insured" or they ask you to sign a "waiver of subrogation" don't do it. If they ask for this it is time to find a new marina because they are trying to shift too much liability on the boat owner. BoatUS wrote a good article about this that is worth reading.
2. The marina will automatically receive notice of renewal so the boat owner no longer needs to worry about sending them confirmation of coverage each year. If the marina manager asks for confirmation of coverage you can politely point out it was sent to them on renewal.
Adding the marina as additional insured means your insurance company will defend the marina if they are named on a lawsuit because of an incident caused by your boat. Lawsuits tend to name every person or entity connected to the incident regardless of who is at fault. As an additional insured the marina is protected from the cost of nuisance lawsuits arising from the actions of their clients. This would not apply if the marina caused the accident or if they damage your boat. The marina has their own insurance for those situations. If your marina demands to be added as an "additional named insured" or they ask you to sign a "waiver of subrogation" don't do it. If they ask for this it is time to find a new marina because they are trying to shift too much liability on the boat owner. BoatUS wrote a good article about this that is worth reading.
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