What are your insurance requirements?

For overnight or short-term guests (less than 2 weeks), our lease states the following:
That Owner shall have effective bodily injury and property damage insurance for the protection of the Marina and others with a combined minimum limit of $500,000.

For boaters that plan to be here for a minimum of 30 days, we require that your insurance lists the following:

– General watercraft liability limit with a minimum of $500,000.

– Additional insured endorsements listed on your policy as follows:
   Endorsement #1:  SCPT Marina Village, LLC  (1936 Quivira Way, San Diego, CA 92109)
   Endorsement #2:  City of San Diego Real Estate Assets Department (Attn: Vladimir Balotsky / 1200 Third Avenue, Suite 1700, San Diego, CA 92101)

Your boat should be identified on the declaration page (make, year, etc.).  You will need to sign a letter of personal guarantor if the boat is listed under a company name.

The long version of what we require for permanent tenants is as follows:
Owner shall have in effect bodily injury, property damage and pollution insurance, as well as insurance covering contractual liability the Owner contractually assumes under this Agreement, for the protection of the Marina and others with a minimum coverage limit of $500,000 per occurrence. Owner shall, before locating his/her Vessel at the Marina, provide an original or a true and correct copy of the Vessel‟s Certificate of Insurance evidencing such coverage, with a combined minimum limit of $500,000 per occurrence. The Marina, including its employees and agents, and the City of San Diego shall be named as additional insureds. A current Certificate of Insurance shall be maintained on file with the Marina at all times during the term of the Agreement, and Owner agrees it is his/her sole responsibility to ensure a current Certificate of Insurance is tendered to the Marina. Owner shall be responsible, with or without demand, for tendering a copy of the Vessel‟s current registration/documentation and Certificate of Insurance, so current copies are always maintained by the Marina. Owner agrees to provide written notice to Marina of any change in insurance carrier, insurance agent or policy number, within five days of the occurrence of any such change. Insurance provided by the Owner shall be primary as to all covered claims and any insurance carried by the Marina is not excess and is non-contributing.
Copies of policies or original certificates of insurance with respect to each policy shall be delivered to the Marina prior to the commencement of the term of this Agreement and thereafter, at least thirty (30) days before the expiration of each existing policy.

 

SAMPLE DECLARATION PAGE OF INSURANCE

Sample declarations page of insurance

This is an example of an insurance declaration page – this is the only thing we need; we do not require a copy of your entire policy. The appearance of declaration pages will vary, however these are the checkpoints to look for:
1) Insured: This should match the registered or documented owner, and also must be the person who will be leasing a slip. (If it is in a company name, you must sign a letter of personal guarantor.)
2) Policy period: This shows the effective dates of your policy. It must be current.
3) Liability coverages: The wording on this can vary, however we require a minimum of $500,000.
4) Additional Insured: Anyone wishing to dock here for a month or more must list the additional insured as follows:
SCPT Marina Village, LLC
1936 Quivira Way
San Diego, CA 92109

City of San Diego
Real Estate Assets Department
Attn: Vladimir Balotsky
1200 Third Avenue, Suite 1700
San Diego, CA 92101

There are many insurance companies, we recommend you research the best one for your personal situation. We suggest talking to an agent at a company you’re already familiar with, such as whomever insures your car or home.  George Greenwell Insurance and Means Financial are local companies that we recommend as well.  While insurance companies mail us the renewal if we are listed as additional insured, YOU are responsible to make sure that the copy we have on file for you is current each time you renew.

You’ll need to have your boat surveyed before getting insurance – check out Christian & Co. Marine Surveyors for some good general information and sample surveys.

Here is some information on understanding boat insurance terms. While the Department of Boating & Waterways states “you do not have to have boater’s insurance in California“, you ARE required to have current boat insurance to dock at our marina for ANY length of time.

The appearances of these documents can vary, please contact the marina office if you have any questions.

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Posted in: Marina FAQ