Borough drops marine insurance requirement after months of work

After months of workshopping a proposal that boat owners carry marine insurance, the borough assembly decided June 25 to give up on the endeavor.

The proposal would have required most boat owners in the harbor to carry a minimum of $100,000 coverage to indemnify other boat owners and the borough from fire damages or cleanup expenses.

Boat owners could opt out of the insurance and pay a monthly surcharge per foot of their vessel.

Borough Manager Mason Villarma recommended to assembly members June 25 that they postpone the ordinance indefinitely. The assembly unanimously voted down the ordinance...

 

Reader Comments(0)

 
 
Rendered 07/23/2024 12:50