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| How to avoid common mistakes when valuing your marina |
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How to Avoid Common Mistakes When Valuing Your Marina for Insurance
Speaker: DJ Tyler, Vice President, Marine Specialties Limited
Understanding the value of a marina and its components is key to being properly insured. The marina’s value is usually important beyond the insurance policy’s aggregate limit. Values may also be relevant on a dock-by-dock basis for coinsurance and code upgrade costs. This session will explain each concept before reviewing examples of how incorrect valuations commonly impact claims. We will discuss what can happen when slips are relocated, current market price trends, and some thoughts on how to tackle these issues.
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