Rental Insurance in Canada - Recommendations ?

[SeeNDoo]

Hi Folks,

We currently have a rental property in Northern Ontario that we rent out during the summer and winter months and were toying with the idea of renting out our PWC to our guests.

I have a couple of questions with this and could use someone's expert opinion. Would our typical PWC insurance cover the craft when it's rented in the event of a mishap, or would you guys recommend purchasing some sort of rental insurance. Secondly, can any of you recommend a good and cheap PWC broker in Canada.

Thanks in advance!

 

[BMANN06]

If your putting this "on the books" then you'll need more insurance than it's worth. When your customer runs someone over and tries to sue him/her thereby suing you, and your insurance company finds out your renting on your personal policy you'll get hosed! If your looking at running a ligitimate rental company talk to your insurance company ... premiums will be high though. I have a family friend who tried renting out seadoo's and seadoo boats in the muskoka's a few years back his maintainence and insurance premiums squashed any profits. I certainly don't mean to come across as discouraging ... but think about how most rental cars are treated!