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Thinking about renting your boat?

Old 10-18-2018, 09:11 AM
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Join Date: Mar 2012
Posts: 291
Default Thinking about renting your boat?

Renting your place with your boat…

More and more, people are renting their homes via apps and sites like; airbnb, VRBO and many more.
This is often great for the renters and the owners.

5 Considerations:
1st- Is it legal in your area to rent your home

2nd- Does your home insurance policy cover your for rental exposures?

3rd- If you have a boat on the premise?

Do you have insurance
for rental watercraft coverage? This is not standard in boat and yacht policies.

4th- You will need a rental agreement that is specific to the boat. You will need a Hold Harmless or Liability waiver and a safety checklist where the renter checks and initials you’ve covered the starting procedure, stopping/docking procedure,

they agree to follow the safety guidelines/laws for the waterway, including life jackets and staying seated while the boat is in motion…

You should also have a navigation map for the waterway and highlight trouble areas

5th- Remember the gov’t wants their share from the rental as well

Give us a call and we can help provide you with information you need for your protection.

Charter Lakes has boat insurance for personal or commercial use, including boat rental. Give us a call for a boat insurance quote (800)879-2248
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