Tim, here is my take on the situation. The professional removal of the vessel with large equipment or any equipment will be your responisbility as the owner, or your insurance company if you have salvage coverage.If your insurance does not cover salvage, you will be paying. Its running about 6K for lifting a modest sized boat. Then there will be transport and disposal fees. It gets worse, if your boat leaked any materials that will hurt the environment, or anything for that matter, you get to pay to clean that up too. The liability is good coverage if your boat causes damage to anything. But is not that helpful for salvage.................once its picked up, it's yours, whether its totalled or not, you own it. along with the costs it now incurs sitting somewhere . The insurance company wont be buying your wreck if all you have is liability. So you will get the salvage bill, and the expense of disposal. Its the boat creates an navigational hazard, they will remove it from the marina.