This policy change will take place over a 12 month period (1 July 2014 – 30 June 2015) to give Boat Owners the opportunity to include this change when their boat insurance is renewed. The extra cover should only be a small increase to the premium, a well-known Insurance company provided estimate figures.
As marina users you should understand that when you have a vessel in the Marina you are required to have full cover insurance & that policy should include 5 million dollars Public Liability. The Trustees have re assessed the risk for certain areas in the marina & vessel sizes. To provide adequate cover & protection to those areas & vessels, it was decided that a Public Liability cover of 10 million dollars would be required for vessels over 18m in length.