BOAT RENTAL INSURANCE

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

Yes. It's called Bareboat insurance. For a 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 and complete a Online quote form. Or if you own a marine service business contact your 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.

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

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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