Thinking about renting your boat???October 18, 2018 by
Renting your place with your boat…
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.