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BoatUS Launches Peer-to-Peer Boat Insurance Program

Wednesday, September 9th, 2015

BoatUS Launches Peer-to-Peer Boat Insurance Program
News from Insurance Journal:

BoatUS has launched a boat rental insurance policy available for rentals through Boatbound, a nationwide boat rental marketplace. The new Peer-to-Peer Boat Rental Policy covers the rental period and is designed specifically to meet the needs of this new and growing market.

According to BoatUS Assistant Vice President Ed Holownia, most recreational boat insurance policies don’t provide coverage during a rental. “For boats to become a viable part of the sharing economy, the insurance question had to be addressed,” he said.

Now three years old and with thousands of boats listed across the US, Boatbound has been the fastest-growing company in the boat sharing market, according to BoatUS.

Boatbound’s average renter is between 25 and 44 years old with five or more years of boating experience.

“Boatbound is fundamentally changing boating,” said Boatbound Founder Aaron Hall. “Finding a boat is now as easy as finding a hotel, and boat owners can share their boat when it’s not in use to offset boat, slip, and maintenance costs turning their boats into assets.”

With the new Peer-to-Peer Boat Rental Policy, BoatUS offers coverage to renters and protection to owners for rentals arranged through Boatbound.

Boat owners wishing to rent their boat through Boatbound must have an underlying recreational boat insurance policy……………. continues on Insurance Journal

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Peer-to-peer boat rentals: What you need to know

Thursday, February 26th, 2015

Peer-to-peer boat rentals: What you need to know
News from Lakenewsonline.com:

Airbnb may a popular “peer-to-peer” lodging site on the web, but if you want to rent a boat in your local area or away, you’ve got options, too. Boatbound.com, Boatsetter.com and Cruzin.com are just a few of the new crop of online websites offering a chance to rent a boat for the day or weekend. These services, which connect private boat owners to renters, can help owners recoup some expenses, and can also give non-owners a chance to get on the water with friends without the cost of full-time ownership. So what do you need to know? Boat Owners Association of The United States (BoatUS) has some information for both boat owners and renters.

  • Renters do not want boats that are not safe and or can barely get out of the marina, so these services are often…………… continues on Lakenewsonline.com

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BoatUS offers tips on peer-to-peer rentals

Tuesday, February 24th, 2015

BoatUS offers tips on peer-to-peer rentals
News from Boating Industry:

ALEXANDRIA, Va., – Airbnb may a popular “peer-to-peer” lodging site on the web, but if you want to rent a boat in your local area or away, you’ve got options, too. Boatbound.com, Boatsetter.com and Cruzin.com are just a few of the new crop of online websites offering a chance to rent a boat for the day or weekend. These services, which connect private boat owners to renters, can help owners recoup some expenses, and can also give non-owners a chance to get on the water with friends without the cost of full-time ownership. So what do you need to know? Boat Owners Association of The United States (BoatUS) has some information for both boat owners and renters.

  1. Renters do not want boats that are not safe and or can barely get out of the marina, so these services are often better suited to newer vessels less than 10 years old. Older, larger or faster boats may require a survey or inspection. Rental costs vary widely based on boat size and location, and renters typically are required to have some boating experience as well as a deposit.
  2. These peer-to-peer boat rental websites generally handle every part of the transaction, including taking deposits and…………… continues on Boating Industry

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