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commercial insurance for rentals

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Old 02-19-2020, 01:22 PM
alee18's Avatar
alee18
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Default commercial insurance for rentals

Hello folks,

I was wondering if anyone knew of any specific insurance companies that offer commercial type of coverage?

For example: if I want to start renting out few bikes that I’m not using, my personal insurance company will not cover any accidents/claims if I’m not the rider.

I been researching for couple days and reached out to few of the popular insurance companies, all turned out a negative.

On renting online platforms similar to Airbnb for motorcycles, such as shared rides or twisted roads they offer their own insurance, but it’s crazy expensive around $25-$65 per DAY, based on deductible amount. By the time you add the insurance and roadside assistance (another $5-$10) fees, the person renting the bike is having to pay nearly same amount for insurance as a daily rate of the rental.

Thank you for valid input.
 
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