Protecting Marina Fees

[boatone]

The demise of Peters Opal reminds me of another financial risk many of us take when we pay our annual marina fees up front.

If the marina were to go belly up we would likely be required by any new owner to pay again for the balance of the current year.

Not a hypothetical situation - Windsor Racecourse Marina was,I believe, in this position not that long ago.

With annual berth fees for even a small boat now costing several thousand pounds should we be aware of this and be requiring some form of protection?,

 

[gjgm]

assuming it was in administration, then the aim would be to sell the business as a going concern. The ongoing contracts would be in the agreed price.To that end, I would expect the administrators to honour the contracts. Otherwise, not exactly a good marketing exercise.
Who do you think is going to offer protection?

 

[Whitelighter]

Or pay monthly. Gives you added flexibility.

Or pay on a credit card and use their support

 

[No Regrets]

TingDene safe enough? /forums/images/graemlins/shocked.gif

 

[Sneds]

2nd that, credit card protection has got us a £1000 back after trading with a rogue dealer (not boaty).
We pay our mooring over 10 months by direct debit, no extra charge.