Would You Loan Your Boat to a Friend

casey1999 · #1 (**permalink**) 08-01-2011

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.

Any thoughts?

fryewe · #2 (**permalink**) 08-01-2011

No.

rikhall · #3 (**permalink**) 08-01-2011

Yes.

It's only a "thing". A nice thing, but I am not defined by it. It gives us pleasure and if my friend wanted it, my answer would be yes.

Rik

Boatinglifeaway · #4 (**permalink**) 08-01-2011

Definitely no. Don't even consider it. It is too much liability.

rockDAWG · #5 (**permalink**) 08-01-2011

If he is qualified, I have no problem. It is just a boat.

But then I am known to be unattached to all my toys. The first week I had my new car (BMW or Mini), anyone can borrow it for a spin including the janitor.

No I don't take up two parking space either. i don't park far away from other cars. For some reasons, for last twenty years I have never got dings from other cars. weird.

Like I said it before, it is only money, we can always make some more. Likewise, it is only a toy, we can always buy another one - a bigger one too. So she rolls her eyes a few more times, it doesn't stop me.

Let share with others, we can't take our toys with us when we die.

Mimsy · #6 (**permalink**) 08-01-2011

It would depend on which one of my friends we are talking about.

Boasun · #7 (**permalink**) 08-01-2011

Not my boat!! The PO has accepted my offer and the Hardin45 "S/V Rapture" is now mine, and I shall be on it when ever it moves offshore or coastal... So There!!

casey1999 · #8 (**permalink**) 08-01-2011

Quote:

Originally Posted by rockDAWG

If he is qualified, I have no problem. It is just a boat.

But then I am known to be unattached to all my toys. The first week I had my new car (BMW or Mini), anyone can borrow it for a spin including the janitor.

No I don't take up two parking space either. i don't park far away from other cars. For some reasons, for last twenty years I have never got dings from other cars. weird.

Like I said it before, it is only money, we can always make some more. Likewise, it is only a toy, we can always buy another one - a bigger one too. So she rolls her eyes a few more times, it doesn't stop me.

Let share with others, we can't take our toys with us when we die.

Say the person borrowing the toy totals it (and your insurance does not cover), would you expect the friend to pay for replacement or would you cover the cost?

tommays · #9 (**permalink**) 08-01-2011

I have a FEW other sailboat owning friends that I trust BUT all you have to do is motor around my 700+ boat mooring field to see about 500 of them are not real good risks

spearfishlaketales · #10 (**permalink**) 08-01-2011

Quote:

Originally Posted by casey1999

Say the person borrowing the toy totals it (and your insurance does not cover), would you expect the friend to pay for replacement or would you cover the cost?

Yes.