Members who purchase the optional damage waiver are released from financial responsibility for physical damage to Courageous boats in their care and custody, so long as it is not caused by the Member's negligence or intentional conduct, violation of the Courageous Sailing Agreement & General Release and Membership Terms & Conditions, failure to stay clear of other boats and obstacles, or running aground.  No waiver of damage liability shall be effective until the damage waiver payment is received.  Please note that the damage waiver does not waive financial responsibility for damage or injury to other boats, property or people, towing services, or lost equipment.  Please read our Sailing Agreement & General Release and Membership Terms & Conditions to fully understand our policies.