Watercraft Liability definition

Watercraft Liability. 1. Coverages E and F do not apply to any “watercraft liability” if, at the time of an “occurrence,” the involved watercraft is: a. Being operated in, or practicing for, any prearranged or organized race, speed contest or other competition. This ex- clusion does not apply to a sailing ves- sel or a predicted log cruise;
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Watercraft Liability. If this is a rider on the Homeowner’s policy it may only list the code, HO-75 and the coverage amount. General Liability coverage is NOT sufficient on a Homeowner’s policy as several companies deny this coverage applies to watercraft. Second, the Specification page must show a beginning and ending date. Comments such as “Continuous Coverage”, “Non-Expiring”, ETC are not legally sufficient!! If you have an insurance question, contact GBN support before arriving at the tournament site, at the following email address: ▇▇▇_▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ or on GBN website under Home -> Support ** NOTE: During the official practice and competition days of any GBN tournament, no Angler or Boat Captain may operate a boat unless that Angler or Boat Captain has documented proof of a minimum of $300,000.00 WLI covering the boat being used in the tournament. Proof of WLI must be with the boat being used at ALL times regardless if the Boat Captain is owner of the boat OR using a borrowed boat and must cover the Angler or Boat Captain using that boat. Random checks will be conducted and any competitor who does not have proof of in-force insurance with $300,000.00 coverage will be disqualified. Borrowed Boat: Permission to Use
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Watercraft Liability sub- ject to the provisions in b. below, mean the fol- lowing:
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Examples of Watercraft Liability in a sentence

  • IF APPLICABLE, Aircraft and Watercraft Liability insurance must be in force with a limit of $3,000,000 per occurrence for Bodily Injury and Property Damage including Passenger liability and including liability for any slung cargo.

  • Lessee shall provide Lessor with proof of current and valid Protection and Indemnity or Watercraft Liability Insurance in an amount no less than $500,000 per occurrence.

  • By way of illustration such types of coverage may include Contractors Equipment Floater, Aircraft and Watercraft Liability, Railroad Protective Liability, and other insurance as needed or deemed appropriate.

  • I represent and warrant that I now have or will obtain prior to the tournament series, boat owners (WLI) Watercraft Liability Insurance (including coverage for third party property damage and bodily injury) with no “tournament exclusion,” having a minimum limit of $300,000 per occurrence OR an alternative to the $300,000.00 coverage is if the boat owner has a one million dollar minimum “UMBRELLA” Liability Policy then she/he is only required to have $100,000 WLI policy coverage..

  • Coverage may be provided in the form of an endorsement to the general liability policy, or in the form of a separate policy covering Watercraft Liability or Protection and Indemnity.

  • This policy shall include the following coverages: (i) Liquor Liability; (ii) Named Peril/Time Element Pollution, to the extent commercially available to operators of properties similar to the subject Leased Property; (iii) Watercraft Liability, to the extent commercially available to operators of properties similar to the subject Leased Property; (iv) Terrorism Liability; and (v) a Separation of Insureds Clause.

  • Signature of OPERATOR Printed Name of OPERATOR For higher Watercraft Liability limits (typically $300,000.00 and up).

  • In the event watercraft are used in the course of performing the Work, Contractor shall provide Watercraft Liability Insurance covering all watercraft owned or employed, if any, in operations under the Agreement by Contractor for five million dollars ($5,000,000) in respect of general liability.

  • With respect to any of the Work hereunder involving ▇▇▇▇▇▇▇▇▇▇ owned, hired, or borrowed, the Contractor shall agree to maintain Protection and Indemnity, or similar Watercraft Liability.

  • During the life of this Agreement, the User shall procure and maintain Umbrella Liability coverage at least as broad as the underlying Commercial General Liability, Watercraft Liability, and Employers Liability with minimum limits of $5,000,000 per occurrence and aggregate.


More Definitions of Watercraft Liability

Watercraft Liability. However, this Exclusion (A.8) does not apply to the extent that watercraft coverage is provided by “underlying insurance” at the time of the “occurrence”;
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Related to Watercraft Liability

  • Hovercraft Liability This policy does not cover "hovercraft liability".

  • Aircraft Liability This policy does not cover "aircraft liability".

  • Net Liability as used herein is defined as the Company's gross liability remaining after cessions, if any, to other pro rata reinsurers.

  • UK Bail-in Liability means a liability in respect of which the UK Bail-in Powers may be exercised.

  • Contingent Liability means any agreement, undertaking or arrangement by which any Person guarantees, endorses or otherwise becomes or is contingently liable upon (by direct or indirect agreement, contingent or otherwise, to provide funds for payment, to supply funds to, or otherwise to invest in, a debtor, or otherwise to assure a creditor against loss) the indebtedness, obligation or any other liability of any other Person (other than by endorsements of instruments in the course of collection), or guarantees the payment of dividends or other distributions upon the shares of any other Person. The amount of any Person’s obligation under any Contingent Liability shall (subject to any limitation set forth therein) be deemed to be the outstanding principal amount (or maximum outstanding principal amount, if larger) of the debt, obligation or other liability guaranteed thereby.