You, the shipyard and your insurance policy

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April 29, 2010
TIP TIME: GELCOAT REPAIRS (reprinted from Scuttlebutt)
May 18, 2010

You, the shipyard and your insurance policy

There are four common clauses which are found in many shipyard contracts, and if agreed to by the owner, could act against or violate the terms of the owner’s yacht insurance policy and could ultimately void insurance coverage:

1) Hold Harmless, Defend and Indemnify,
2) Adding Shipyard as Additional Insured,
3) Waiver of Rights of Subrogation, and
4) Limitation of Liability.

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Michael James
Michael James
Michael James has been with Murray Yacht Sales since 1995 and is in the the New Orleans office.

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