Newt D


  • Profile:
  • Joined: Thursday, June 27, 2013
  • Last Visit: 2013-06-27T13:26:37Z
  • Statistics
  • Number of Posts: 1 [0.31% of all post / 0.00 posts per day]
  • Thanks Given: 0
  • Thanks Received: 0
  • Thanked Posts: 0
  • Community Reputation Received:
    50.2% (Neutral)
Last 10 Posts
 View All Posts by User
I am setting up a boat sharing partnership and am wondering how the insurance will work. The situation is basically that I own the boat and will have up to 3 other partners who will pay a monthly payment and also share certain costs - as I understand it, this will essentially be a bareboat charter. Can I use the same insurance I now have and just add the partners as additional insureds to my insurance or will I need to have commercial insurance (which would be prohibitively expensive) to make this work.