Call Us Today For A Free Quote | 800.342.4444
Voyager Insurance Services Serving You For 58 Years
 

Commercial Marine

 

Boat rental businesses can provide lucrative financial opportunities for their operators. Many of your prospective clients don’t own boats. But, they still want to take advantage of their access to water to have some fun.

Even the safest boat renters could cause problems that cost the business money. It is therefore important that boat rental companies carry appropriate insurance.

Why Your Business Needs Boat Rental Insurance

Your rental business places a vessel in the hands of someone who agrees to give it back in good condition. While you certainly hope that your boat and clients will return unscathed, that’s not always the case. Whenever someone rents a boat, they expose it to risks simply by their operations.

Should an accident occur while your rental boat on loan, it might put the rental company on the line. The company might have to pay for repairs, lost property and even injuries to both the boater and others. Therefore, it is imperative that the rental company carries the appropriate insurance.

Who Does Boat Rental Insurance Cover?

Often, boat rental insurance covers the owner of the rental company and the renters themselves. Boat renters may not carry their own insurance because they do not own a boat. Other renters may carry insurance that doesn’t apply to boat rentals.

To solidly cover its own risks, a company should assume that its renters do not carry insurance. Thus, they need to guard their own risks and make sure their own policies cover renters.

Rental companies often face strict guidelines when insuring and operating their company. This helps guarantee that the rental company only rents to lawfully qualified individuals. Generally, you have to operate legally in order to qualify for insurance coverage. Don't attempt to skirt the law.

What Scenarios Does It Cover?

Rental company insurance can cover many of the same scenarios as a standard boat policy. Should a renter get into an accident, the rental company will have a policy that may protect the business and the boater in case of any financial challenges. A policy might cover:

  • Hull loss
  • Medical payments
  • Liability coverage
  • Property damage coverage

And a variety of other scenarios to better protect against losses.

However, remember that every boat rental policy is different. Some policies may not adequately cover the financial assets or specific risks that boat renters face. Work with your agent to get the appropriate coverage for your rental business.

We’ve got you covered. Call Voyager Insurance Services, Inc. at (972) 712-8000 to get a Dallas commercial boat insurance quote.

Share |


No Comments


Post a Comment
Name
Required
E-Mail
Required (Not Displayed)
Comment
Required


All comments are moderated and stripped of HTML.
Submission Validation
Required
CAPTCHA
Change the CAPTCHA codeSpeak the CAPTCHA code
 
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive


View Mobile Version
Instant Quote
Referrals
We love referrals! And thank you even more for your continued business.
Customer Service
Self policy service any time of the day, directly from our website.
Join Our Newsletter
Stay in touch with the latest events, news and offers we have.
From Our Blog From Our Customers


Read More Read More
Facebook Twitter LinkedIn Google+
Stay In Touch With Us Helpful Site Links Contact Us
Sign up now to receive news and updates 7011 Main Street
Frisco, TX 75034

Ph: 972.712.8000
Ph: 800.342.4444
Fx: 972.712.4400

service@voyagerinsurance.net
We have the expertise to find you the right coverage at the right price 
Powered by Insurance Website Builder