Maritime Program Group (MPG) offers a specialized Boat Rental Insurance program designed for independent insurance agents and brokers seeking reliable coverage solutions for clients in the recreational rental business. Through a strategic partnership with Markel American, MPG maintains in-house underwriting authority, allowing for quicker turnaround and customized solutions tailored to the unique risks associated with boat rental operations.
Ideal Accounts and Appetite
MPG’s Boat Rental Insurance program targets a wide range of recreational watercraft rental businesses. Eligible classes include:
- Stand-Up Paddle Boards
- Sailboats
- Canoes and Kayaks
- Pedal Boats and Water Bikes
- Personal Watercraft (PWCs)
- Runabouts and Ski Boats
- Powerboats and Houseboats
This program is ideal for operations that rent to the public for short-term use on lakes, rivers, or coastal waters. Whether your client runs a marina with a fleet of jet skis or a seasonal kayak rental business, MPG can help you find the right coverage solution.
Coverage Highlights and Advantages
MPG’s Boat Rental Insurance program includes key coverages to help protect rental operations from the unique exposures they face:
- Hull and Trailer Coverage
- Liability Limits up to $1,000,000
- Premises Liability
- Optional Water Sport Liability Coverage
- Direct Bill with Flexible Billing Options
- Low Minimum Premium
This program is built to address both the property and liability concerns of boat rental businesses, ensuring your clients are protected from damage, injury, and legal exposure.
Underwriting Notes and Minimum Premiums
Maritime Program Group underwrites this program with in-house authority, enabling fast quote turnaround and responsive service. Minimum premiums vary depending on the type and size of the operation. Risks with well-maintained equipment, safety protocols, and proper rental agreements in place are preferred.
Territories and Availability
This program is available in all 50 states and the District of Columbia. Whether your client is located on the coast, near an inland lake, or operates seasonally in a vacation destination, MPG can provide coverage options tailored to their geographic and operational needs.
Why Work With Maritime Program Group?
As a Managing General Agency with a deep focus on marine-related risks, Maritime Program Group brings decades of specialized experience to the table. Their partnership with Markel American ensures access to a financially stable carrier with a strong reputation in specialty insurance. With in-house underwriting authority, responsive support, and a commitment to the marine sector, MPG is a trusted partner for agents placing recreational boat rental risks.
For more information on our Boat Rental Insurance contact us today!
Frequently Asked Questions
What types of accounts are a good fit for this program?
This program is ideal for recreational boat rental businesses, including operations renting paddle boards, kayaks, jet skis, powerboats, and houseboats.
Which states is this program available in?
Boat Rental Insurance from Maritime Program Group is available in all 50 states and Washington, DC.
What are the liability limits offered?
The program offers liability limits up to $1,000,000, with additional options depending on underwriting.
Is water sport liability coverage included?
Yes, water sport liability coverage is available as an optional add-on to meet the specific needs of rental operations.
Does the program offer direct billing?
Yes, direct billing with flexible payment options is available for added convenience.
Need help placing an account? Connect with a market specialist.