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Damage to rented property

Boat insurance term, area: Liability

Liability wordings for boats usually exclude damage to property that the owner has rented, leased, borrowed or taken into safekeeping, because a contract already exists with whoever owns it. The practical case is the marina: a berth, a boathouse, a cradle or a winter storage bay is rented, a gust pushes the hull against it, and the yard sends the bill the next morning. Whether that bill belongs in the liability section depends on one sentence, the exception that carves rented berths and storage back in.

What to check: Two questions for your own contract: does the wording name pontoons, boathouses and storage bays as an exception to the exclusion for rented property? And what limit applies to that exception per event and per insurance year?

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