Then talk to a lawyer, the coast guard and another insurance company about their experiences with owners renting their boats out in Maine. You are interested in hearing about real experiences, not just what an insurance company will cover or not.Talk to your insurance company.
I would not be very thrilled with renting out our boat. Ours is 2 years old and yours is 37 years old. If you are lucky and get a good renter, then you will be fine. If you get someone who is not careful, the damages etc will be far more than the rent check you get.I'm thinking of renting my 37 ft 1983 sailboat out for a week in Maine. Any advice, suggestions or something to watch out for and maybe contracts I ought to be aware of?
This varies by the number of passengers being carried. If the boat is going to carry fewer than 6 paying passengers it is an Uninspected Passenger Vessel is subject to the usual carriage requirements of the USCG and must be substantially built in the US. These are commonly used as fishing charters and small tour boats.Also, do you need to have the boat inspected and certified to be used as a rental? I think if I use mine as a charted boat (even where I am acting as Captain), the boat is supposed to be inspected by the CG.
To be used as a sailing craft or as a floating bedroom in a Marina?Any advice, suggestions or something to watch out for and maybe contracts I ought to be aware of?