Basics of Marina Contracts

The Basics of Marina Contracts

Owning or leasing a marine vessel is great, but not everyone can afford a place to park it after a day out in the water. Individuals can lease marina slips at an affordable price to moor a boat and keep it safe. Not all marina slip contracts are the same, however. Boaters can learn the basics of marina contracts to ensure the best deal possible for their vessels.

Understand the Law

A marina contract is a legal document. Like most legal agreements, it aims to shift liability and potential fees onto the signer. Therefore, individuals should read the fine print and understand their contract thoroughly before signing.

A marina contract typically requires boat owners to carry insurance. Insurance plans and advice on parking a boat is available through sites like www.merrimacins.com. Contracts might require a minimum level of coverage, but individuals can go beyond their contract and customize their plan to achieve full protection.

Use a Boat Wisely

Contracts also require boat owners to leave the docking area a certain amount of times each year. Boat owners should plan ahead to ensure they won’t get penalized.

People who are selective over their marina contracts can enjoy their vessel with peace-of-mind. Taking time to understand a contract can help boat owners keep slip and docking costs low.