MARINA FIRES!

February 19,2005

 Attention all slip owners:

 Recently a devastating fire at the Pirates Cove Marina in Manteo is reported to have resulted in the loss of at least 2 boats with an estimated loss of $3.5 million dollars. This preliminary estimate does not include any damage to the marina or the possible significant financial liability associated with environmental clean up.

 

NOTE: “environmental” clean up costs are often NOT automatically included in many boat owner insurance policies!

This event underscores the requirement in your “slip holder lease”, (page 5,para.13) whereby…lessee shall maintain on each boat utilizing the boat slip, insurance coverage including liability insurance, at least at the minimum levels as specified and to ensure that a copy of annual renewal information or carrier statement is on file with the CLMA.


In this regard, all marina slip holder files are currently being audited and you will be notified if additional insurance documentation is required.


Recent discussions with the insurance provider for our marina, re-affirmed the decision by the CLMA Board of Directors, that any contractor working in the marina is to have a minimum of $500,000 dollars liability coverage to adequately protect all individual slip owners, the CLMA and the CLMHOA.


Your attention to ensure that your slip owner coverage is current and that contractors doing work on your boat are adequately covered will help protect the significant financial interest we all have in our new marina.

Your CLMA
 

Cypress Landing Marina Picture
Cypress Landing Marina Association