Brunswick, Sea Ray, Join Boatbound To Help Owners Rent Their Boats.

Discussion in 'Announcements & FAQs' started by MonacoMike, Mar 30, 2014.

  1. scoutaroo

    scoutaroo New Member

    27
    Oct 5, 2013
    north alabama/tennessee river
    Name: AM ARGO, '00, 210 BR signature series, captains chair option with jump seats in back. Shorelan
    5.7L gm
    BOATUS, Marine Insurance program magazine "Seaworthy," July 2014 issue , page 13, has an article titled Insuring Peer-To-Peer, commenting on your boat rental, saying " there is no coverage for a recreational boat during the rental period!" The Boatbound, Cruzin, and Boatsetter rental operations model are all internet driven and its a buyer beware situation. There are plenty of used SR boats across the country on Craigs List. Why don't we all pitch in and buy a boat for this lease program and see what happens. Maybe we could make enough to buy a replacement for the one torn up through the lending process. That way we will have no issues with upkeep, just continue to discard the old one. By the way where do you discard old boats.
     
    Last edited: Nov 12, 2014
  2. Boat Guy

    Boat Guy Active Member SILVER Sponsor

    I'm not endorsing any of these companies or the premise. Yet, it's clear your standard policy will not cover this. That's why insurance coverage is part of the deal with these companies. The main issue isn't accidents.....it's damage from abuse that might not show up until well after the rental.
     
  3. Tonka Boater

    Tonka Boater Active Member GOLD Sponsor

    Jun 11, 2008
    Wayzata, MN
    1997 232 BR
    502 MAG, Bravo I
    I would be more concerned about other liabilities such as injury or death while it was being rented. Sure, the rental company is supposed to cover everything but I would not put my trust in an insurance company that I didn't have direct contact with. Not to mention an opportunistic attorney looking for a civil suit against the boat owner.
     
  4. truk911

    truk911 Member GOLD Sponsor

    76
    Jun 16, 2014
    Lake Michigan - Chicago
    2001 Sea Ray 400 Sedan Bridge
    1999 Zodiac YL380DL
    Cummins 6CTA 8.3M 430 HP Diesels
    Not sure this concept is truly tested. There are 2 time-share boats on our dock and these boats are being operated by the under 30 crowd and the boats are pretty tore up. These boats typically go out with 10+ people onboard, so I would expect that a lot of use/abuse would be done. I would expect the net profit of renting your boat would be minimal, not something I would consider.
     

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