Yes. Renter-side insurance can be purchased through any one of these two agencies XInsurance Boat Rental Policy. Global Marine Insurance Agency.

Yes. There are many insurance companies that will allow boat owners to rent their boats to others, also insuring the boat renter when renting your boat. State Farm Insurance has a boat insurance policy that will cover boat rentals with their boat rental endorsement policy. Click here for more information. Marine and Aviation Insurance also have a policy called Bareboat insurance. For a free quote, contact our partner agent, Frenil James Vayalumkal at Marine and Aviation Insurance. 3001 W. SR 84 Fort Lauderdale. FL, 33312. Phone: 954-761-8500 x4. If you own a marine service business, contact your own Marine Operators' Liability Insurance company or your broker. Inform them you will be renting boats and ask them to add "Owned Watercraft" to your policy.

Is it required that I purchase insurance?

No – No US state laws require a boat owner to carry boat rental insurance.

Is boat rental insurance expensive?

No -Boat Rental Insurance is very reasonably priced.

Why is boat rental insurance inexpensive?

"Limitation of Liability Act" of 1851. Insurance Carrier's Ace in the Hole. New York City-based attorney Daniel Rose explains.

What is the Limitation of Liability Act?

The Limitation Act limits a boat owner's Liability from accidents that result in personal injuries and other losses that occur on navigable waters. See: 46 U.S.C. App. §188. It goes back to a time when the United States was trying to build up its merchant marine fleet to compete on the world stage. The law was intended to bolster a fledgling maritime shipping industry back in 1850. "Times have changed, but the law has not." say's Rose.

Are all boat owners covered and protected by the Limitation of Liability Act?

Yes, The Limitation of Liability Act applies to all "seagoing vessels" and also to "all vessels used on lakes or rivers or in inland navigation, including canal boats, barges, and lighters." See. 46 U.S.C. App. §186. The term “vessel” has recently been expanded by the U.S. Supreme Court to permit owners of pleasure craft, including jet skis and houseboats, to be covered under the Limitation of Liability Act. (Boat Owners are ONLY responsible or liable up to the value of their boat AFTER said incident.) See: Stewart v. Dutra Const. Co., 543 U.S. 481, 125 S.Ct. 1118 (2005); Keys Jet Ski, Inc. v. Kays, 893 F.2d 1225 (11th Cir. 1990); Warnken v. Moody, 22 F.2d 960, 962 (5th Cir.1927). The case re Guglielmo, 704 F.Supp. 352 (E.D.N.Y. 1989) expanded the act to include a twenty-one-foot motorboat.

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