One thing everyone should be aware of is most umbrella policies don't have the Oil pollution liability coverage. It is now up to $997000. This is standard in all marine/boat policies. At my club we are trying to require all policies to have this. This coverage limits what the USCG, DNR, or EPA can take from the insured for spill clean up. If you don't have this coverage these agencies will come in and take the full liability coverage of all involved. We had a fire a few years ago where the responsable party did not have this coverage. This left no money for the deductibles for replacing/repairing the other 5 boats and boathouse. The club also had to pay $25000 in deductible for damage to the dock. Because of this a couple of members had to get out of boating, being unable to afford the loss. FWIWDoug. Doug Mountjoy sv Rebecca Leah C & C Landfall 39Port Orchard Yacht Club Port Orchard, WA -------- Original message --------From: Jim Reinardy via CnC-List <[email protected]> Date: 10/14/21 12:36 (GMT-08:00) To: Stus-List <[email protected]> Cc: Jim Reinardy <[email protected]> Subject: Stus-List Re: Insurance
American Family has my cars, boats and house insured, and I also have an umbrella liability with them. They require that you have car insurance with them to purchase the liability policy, but once you have it, it applies to everything. It came up with a claim a few years ago, so I know it applies to boating. Jim Reinardy C&C 30-2 “Firewater” Milwaukee, WI Get Outlook for iOS From: Joe Della Barba via CnC-List <[email protected]> Sent: Thursday, October 14, 2021 12:57:10 PM To: 'Stus-List' <[email protected]> Cc: [email protected] <[email protected]> Subject: Stus-List Re: Insurance <!-- @font-face {font-family:"Cambria Math"} @font-face {font-family:Calibri} @font-face {font-family:"Segoe UI Emoji"} p.x_MsoNormal, li.x_MsoNormal, div.x_MsoNormal {margin:0in; font-size:11.0pt; font-family:"Calibri",sans-serif} a:link, span.x_MsoHyperlink {color:blue; text-decoration:underline} span.x_EmailStyle18 {font-family:"Calibri",sans-serif; color:windowtext} .x_MsoChpDefault {font-family:"Calibri",sans-serif} @page WordSection1 {margin:1.0in 1.0in 1.0in 1.0in} div.x_WordSection1 {} --> All the umbrella policies I found with a quick search seem to be home and car, no mention of boats ☹ Be glad you aren’t looking for airplane insurance, the recent payouts on crashed 737s are getting paid for by EVERYONE, not just 737 owners. Joe Della Barba Coquina C&C 35 MK I Kent Island MD USA From: Dennis C. via CnC-List <[email protected]> Sent: Thursday, October 14, 2021 9:32 AM To: Stus-List <[email protected]> Cc: Dennis C. <[email protected]> Subject: Stus-List Re: Insurance I suggest anyone reviewing their insurance coverages investigate an umbrella policy. I have a significant umbrella policy that will kick in in the event the coverage on any of my individual policies is exceeded. One caveat for umbrella policies is they are usually cheaper if you have all your policies with one carrier. -- Dennis C. Touche' 35-1 #83 Mandeville, LA On Thu, Oct 14, 2021 at 8:23 AM Della Barba, Joe via CnC-List <[email protected]> wrote: Great news 😊 My marina requires $500K liability this year, so when I added it I didn’t realize I was propagating it across all three of my policies. I now have what I think is the only dinghy in the world with half a million dollars of insurance. For all three boats it added up to $84/year extra. The dinghy is also insured for 75 miles offshore, which would be quite the trip! Joe Coquina C&C 35 MK I
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