San Francisco-based GetMyBoat, a peer-to-peer and charter marketplace, launched a first-of-its-kind, global boat rental insurance product.
Coverage is offered to boaters who book through or use any service or platform and policies can be purchased by the day, the week or any duration desired and is underwritten by a yacht charter insurance provider.
The insurance is not limited solely to the GetMyBoat rental marketplace. To ensure that every boater is safe on the water, insurance can be purchased by companies, private owners and renters nearly anywhere in the world.
Plans start as low as $29 a day and in just three easy steps, coverage can be purchased, the company said.
“We have a mission here at GetMyBoat — to bring boating to everyone. Regardless of the location or type of boat, we want to get people off the land and on the water,” GetMyBoat CIO Bryan Petro said in a statement. “By offering unique coverage to every owner and renter, boaters have the chance to safely and affordably establish their sea, lake and river legs. It gives owners everywhere peace of mind.”
Each policy includes protection of as much as $1 million, including $25,000 for each member of the crew and the captain.