Originally Posted by rosatte
what about salvage
cost say ur boat sunk in a marina dose insurance
pay for costs of removing vessel from the water
or dose that onnis fall on owner..
It depends on the policy. Typically marine insurance
policies cover salvage
claims, and mandatory refloating, but if it sinks in five mile deep water
it will be there forever. A big recent change is environmental damage protection coverage, I recommend at least $1m on any boat that carries substantial amounts of petroleum.