As the owner of a yacht club, you already understand the crucial need for insurance coverages. Do you have enough coverage or the right coverage options? While yacht club insurance brokers can help you through the process of deciding what coverage you need, here are some simple tips to the crucial needs of a yacht club.
There is a variety of marine protection options. You need to make sure that you go through each option thoroughly with your broker. Some marine policies have limits when it comes to navigating owned boats within a certain range of the club. Always check your policy entirely.
You need to insure all property associated with the club. Do not go light on this type of coverage. Damages to property tend to be expensive and can break you if you don’t have thorough coverage.
Through your regular activities and operations, events that occur may injure property or people within the club. It’s important that you cover all of your bases when it comes to liability coverage. A claim can devastate your club.
The best way to find out if you have enough protection is to speak with yacht clubs insurance brokers to find out what special or extended coverages you might need. You want to protect your club as much as possible from a variety of liability and risk.