Hey, Osymandius...
I am unfamiliar with the term catastrophe coverage, but anything related to insurance sends me babbling into the corner wearing a pointy hat.
Where I come from, they call it a "personal liability umbrella policy". The first mil. of coverage is the biggest premium kick; for me around $200 annual. Every mil. thereafter is less than $100/per mil.
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(edit, as a sad state of affairs pertaining to legal liability) Shawn mentions the potentially defenseless use of lifesaving equipment installed on the site. In conversations with my atty about this broad category of liability concerning our pond and property, I came away feeling that the only committment one would make is properly marking the property for no trespassing and verbally delivering the same message in a good, neighborly tone (Dave Davidson's neighborly tone may be slightly altered for effect). Past that, application of additional presumed layers of protection could ultimately be twisted into "owner's knowledge of an existing hazard". One might wonder if installing a life ring at a pond sends the signal that this is a place that could be used for swimming. Or, worse yet, is it a place for swimming that the owner knew was life threatening.
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Slice it; dice it; it sux.

Last edited by Brettski; 10/22/07 02:50 PM.