Shortwave Sportfishing wrote:
Supposedly, some of the larger marina's around these parts are going
to start requiring million dollar liability policies for boats over 24
feet. Minimum liability coverage at $500,000 for boats under.

Hmmmm....

Anybody with a boat should have *at least* $1mm liability umbrella.

Run into a new 40-footer and sink it, and you're going to be in close
to 7 figures of trouble long before the "whiplash claims" get any
traction.

Good news is that a liability umbrella is pretty cheap insurance. We
carry a substantial
policy that has to be by far the lowest cost, per dollar of coverage,
of any insurance policy we own.

$1mm isn't any sort of money anymore. When I was a kid, anybody with
$1mm was considered set for life, now they're lucky to be considered
anything beyond middle class and unless they have a pension coming in
they are darn sure working for a living.

I don't think the new requirement is unrealistic.