Insuring Personal Watercraft Rental Companies An industry leader in securing insurance packages for marine-related facilities, docks and yacht clubs, Merrimac Marine offers comprehensive solutions to address the various operations and services that today’s marinas and yacht … 1. Each Boatsetter rental covered under the Peer-to-Peer Boat Rental Policy through BoatUS, comes with significant liability coverage: $300,000 per person and $1,000,000 total liability per accident. Whether you are a yacht owner, recreational boater, sailor, or fisherman, the experienced agents at Loiselle can find the best boat insurance … Watercraft liability Insurance protection for you and your assets for the costs associated with damages and injuries caused to others. When it comes to commercial boat rental insurance, each business has a unique set of circumstances that influence their exposure levels and which need to be addressed when determining its insurance coverage needs. Keep in mind each policy can differ, and it’s important to understand the coverage limits of the policy. On top of that, boat insurance also offers protection against liability lawsuits and medical payments. With over 35 years of marine insurance experience, Markel Specialty provides a level of expertise that is unsurpassed in the marine industry. They have an A (Excellent) rating from A.M. Best   and an “A+” rating from the Better Business Bureau The company has been in business since 1930 and offers comprehensive boat insurance policies for personal watercraft, rental boats, and commercial boats. XINSURANCE offers boat rental insurance and personal watercraft insurance for speedboats, pontoon boats, fishing boats, houseboats, yachts, banana boats, tiki boats, kayaks, canoes, paddleboats, jet … The Peer-to-Peer Boat Rental Policy provides coverage while in US and Canadian waters up to 12 miles from shore and while being trailered in the US within 250 miles of the boat’s regularly garaged location. Our watercraft insurance policy can insure you against most risks … This covers damages for bodily injury or property damage for which you … Talk with a State Farm agent about the specifics and to get a rate. A Jet Ski rental business is a very promising business with a wide prospect for growth. But they do occur, and without boat insurance, you could end up paying out of pocket for damage caused by an accident involving your boat or personal watercraft… Other PWC insurance coverage options such as Premises Liability can also be included in a commercial marine insurance policy for a rental operation in order to help insure against the frequent arrival and departure of customers from your business. Learn about PWC insurance coverage. 1. An Allstate agent understands your needs and can answer your questions about what different boat insurance coverage types protect so you can build a policy that makes the most sense for you. 12935 S. West Bayshore Drive, Suite 205, Traverse City, MI 49684 | 800.748.0224 Fax 231.947.4407. Get a PWC insurance quote for your Jet Ski, WaveRunner or SeaDoo Personal watercraft (PWC) are fast and flexible with an inboard jet drive for thrills you generally won’t get on a boat. Boats and watercraft … If you have a boat rental company, Global Marine’s underwriting specialists can help find the best insurance coverage for your business, customized to meet these unique needs. Plus, unlike a typical homeowners insurance policy, we focus on marine insurance and have developed a wide variety of marine insurance coverage for almost any type of boat or watercraft. However, you will likely be required to have insurance if you finance your boat. However, we have access to several carriers still writing this class of business in certain states. There are a number of different coverage options available with regards to boat rental insurance. So if you travel across lakes, rivers, or ocean waters of the United States we can help. Posted at 12:18h in EIB Direct Classes by Rick J Lindsey. Boat insurance helps you enjoy peace of mind as you navigate your boat or personal watercraft (PWC). Click&Boat, a European P2P platform, requires boat owners to have their own insurance for boat rentals and offers optional assistance, repatriation, and cancellation insurance to renters. The GEICO Marine Insurance Company can help you get the right personal … About Rental Boat Insurance The coverage that our carriers provide within these lines of business can vary significantly, so it is important to have a full understating of the policy being provided and the … To further complicate things, there are also important differences between P2P boating insurance and recreational boat owner's insurance. The policy was written from the ground up as a stand-alone … Best legal entity to use for this type of businessThe nature of the Jet Ski rental business is unique and you can’t afford to start the business with just any type of legal entity. Global Marine Insurance Agency, a division of Specialty Program Group LLC. Plus, there are a number of boat insurance discounts that can save you even more. Some of the most important include: Rental operations must meet strict insurance coverage guidelines*. PWC insurance helps insure you and your personal watercraft against accidents, vandalism, and liability. Personal watercraft rental insurance is a valuable means of protecting boats and boat owners from damage or loss in rentals. Coverage is provided under the Peer-to-Peer Boat Rental Policy, which is underwritten by GEICO Marine Insurance Company. Rental boat insurance helps protect you from paying out of pocket for damages, cost of repairs, or watercraft replacement. For personal watercraft (PWC) rental companies, specific insurance coverage options are needed to ensure that the business and its customers have the right level of coverage to protect both parties. Update: We are still ready to serve new and existing clients. 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