commercial insurance for rentals
#1
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.
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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