Guam Base Marina

[ShadowRWolf]

ok so the navy is now poking its big noze in to base marinas, seems, i dont know what it was before but the inshuranca coverage is a bit steep this is a pice of the email i receved.

Moving forward to the Navy's insurance requirements for vessels that are moored or stored at any Navy marina.
All vessels that are moored / stored at ----- ---- Marina are required to be covered by customary marine
insurance including hull and machinery based on the surveyed value of the
vessel, and liability coverage that is no less than $300K.

300k feels a bit steep to me. 300k is like my boat braking lose and drifting down and hitting evrey other boat in the marina.

[perchance]

300K is is too low for liability. If you kill someone with your boat 2 or 3 million might just save your ass. I used to run a public riding stable here in Canada and was only sued once. That extra liability insurance saved our bacon.

[S/V Elusive]

300k is the minimum here in the states (California at least)

[ShadowRWolf]

ahhh ok it just sounded expencive, im not inshured right now >.>......
kinda trying to put off spending any unnesacary $ on the POS sail boat i have. servay is on the to do list and i think il be worth less than 5k, broken moter, wood inside rotten (aft bunk/ storage area) all thrue holes posobly originol (1970s gate valves) electricul originol, with PO tweeks and werd setups, dead ending hot wires.....

just seemd like a lot to inshure for if im worth nothing.

o well fue more mounts and the boat will be worth a lot more

[Lancerbye]

It's all about liability not about what your boat is worth. You would not be allowed in most marinas in our area with only 300k. 2 million is standard.