Newt D

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  • Joined: Thursday, June 27, 2013
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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.