Maritime Program Group (MPG) offers a specialized Boat Rental Insurance program for independent agents and brokers placing recreational rental risks. Through a strategic partnership with Markel American and in-house underwriting authority, MPG delivers faster quote turnaround and customized coverage solutions for the unique exposures of boat, PWC, and paddle craft rental operations.
Ideal Accounts and Appetite
MPG’s Boat Rental Insurance program targets a broad 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 a strong fit for businesses that rent to the public for short-term recreational use on lakes, rivers, and coastal waters. Whether your client operates a marina with a PWC fleet, a seasonal kayak concession, or a houseboat rental operation, MPG can help you structure coverage to match the operational profile.
Coverage Highlights and Advantages
MPG’s Boat Rental Insurance includes core coverages designed for rental operations’ property and liability exposures:
- 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
The program addresses both physical damage to watercraft and the liability risks that arise when equipment is rented to the public. Optional water-sport liability can be added when clients offer higher-risk activities.
Underwriting Notes and Minimum Premiums
MPG underwrites this program with delegated, in-house authority, which supports quick quoting and responsive policy handling. Minimum premiums vary by class and fleet size. Preferred risks typically have well-maintained equipment, documented safety procedures, use of rental agreements and waivers, and basic operator screening or instruction.
Territories and Availability
This program is available in all 50 states and the District of Columbia. MPG can underwrite accounts located on coastal waters, inland lakes and rivers, and seasonal vacation destinations, adapting terms to local operating conditions.
Why Work With Maritime Program Group?
As a specialty Managing General Agency focused on marine risks, Maritime Program Group combines deep sector experience with access to a financially strong carrier, Markel American. The in-house underwriting model means faster response times, tailored terms, and a partner that understands the day-to-day risks of rental operations. MPG offers agents straightforward placement options and support for quote submission and policy servicing.
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.