Adding the marina as an additional insured means they will be notified if you change or cancel your policy! This is important! The marina is making sure everyone has adequate insurance in force. This protects you and your fellow slip-mates.
Yes there is a case for that position, as there is a equally strong case for Tom's view that the boat owners are entitled to be assured that their marina is properly insured as well, what's good for the Goose is good for the Gander
Perhaps the boat owners insurance companies should be pushing for this on their clients behalf, however don't hold your breath on that one.
A bit fanciful, but let's take an example.For the purposes of the story lets call the character....... Don
'Don invites his old mate, who he has known for years, down to his boat called say....Moonstruck, for dinner and drinks on board.
Now his friend has done well in the world, matter of fact he is Chairman of Exon, he's paid a squillion. Unfortunately, the maintenance man at the marina forgot to replace two rotten planks near Don's boat(this is despite constant nagging from Don).
Well, the chairman is no featherweight and what with that enormous gold Rolex on his wrist he goes straight through the planks, no hope for him at all.The marina life buoy was being used as a dart board in the canteen.
Don being a diligent soul has a proper insurance in place. However like all policies it has an upper limit on personal liability, in this instance say 10 million dollars.
The executors of a late lamented chairman take the matter to the courts who decide that based on his salary and projected lifespan, pain and suffering he was worth say 50 million dollars.
Unfortunately, the marina's insurance had lapsed. (the office secretary in the marina had put the cheque for the insurance premium into the envelope addressed to the local library that was supposed to contain a letter explaining why 'Gone With the Wind' was two weeks overdue.
The insurance company, being diligent, duly forwarded the letter to the library, unfortunately for all concerned, the librarian filed the insurance cheque in the pending tray, which we understand is still there.
In due course the executors sue the marina who in turn file for bankruptcy.They then go after Don, mainly because there is no one else to go after, (known in legal circles as last man standing)and also based on the fact that he knew the marina to be unsafe, he is held by the courts to be partially liability for the chairman's watery demise and an order of 15 million dollars in damages is made against Don.
Don now works as the maintenance man at the marina which is owned by the estate of his late friend the chairman, and part of his responsibilities is to clean the owners boat, an immaculate Sabre 42' called Moonstruck.'
Around Charleston this is known as Don's lament
Disclaimer; the characters in this work are fictional and in no way resemble Don or any floating 42' Sabre.
Happy Christmas to all.
. . . . . . . . . .but wait there's more. The chairman only came because I had a photograph of him in a compromising situation. So, in the end it was his fault altogether.
