Join Date: Oct 2010
Thanked 50 Times in 48 Posts
Rep Power: 6
Would You Loan Your Boat to a Friend
I had a friend want to loan my boat for an off-shore trip of about one week. The friend was willing to even charter the boat (pay me some money). I declined because I think I need to be on board for my insurance (liability and boat value) to be valid. Just curious would you (or do you loan you boat to others). In retrospect although I would like to have someone to be able to use the boat, seems like a lot of damage could be done in short time that could be expensive to repair. Also the liability from a collision or someone getting injured on the boat could come back onto you.
Last edited by casey1999; 08-01-2011 at 09:41 PM.