Re: Vessel needed - Forwarded
Michael Trouillon (email@example.com)
Tue Sep 08 21:33:13 1998
Another issue to remember when creating a qualified donation agency is
the insurance that National provides.
It only covers vessels owned by the local council, not vessels owned by
I'm sure that many will respond, "what about when I use my personal
vessel". Yes Nationals coverage picks up, but only as excess to the
I ran into this issue a few years ago when I got involved with a Ship
that "owned" their vessel. We had to have the Council as a co-owner to
cover our buts.
Heed the advice of others, and tread carefully in this area it could
open up more problems than it solves.
As for our situation. OUr Council is very supportive, and allows us to
accept dontations. They handle all the paperwork, and if we sell it we
get to keep the money. We are very cautious with this arrangement.
Good luck all.
Ventura County COUncil (CA)