Important Variables to Be Aware of When Chartering a Boat

Jan 11, 2023


Important Variables to Be Aware of When Chartering a Boat

Boating is a popular hobby that thousands of people enjoy every week during spring and summer. Boating gives you a chance to spend quality time with your loved ones. If you are stressed, boating lets you clear your mind while you are out by the water. However, boating is a serious endeavor, and multiple things could go wrong. It's important to have a plan in place. The increased risk of owning a boat has caused you to consider chartering a yacht instead. Here's a look at some critical information to be aware of. 

Choosing the Right Company 

Choosing the right chartering boat company is crucial because you want to ensure you are always safe. Smaller charter companies generally have a more personal sales pitch. They are willing to treat you like an exclusive customer. There won't be any issues accommodating your requests. Larger companies generally have access to a fleet, giving you more options. Established charters typically have better technical support if things go wrong and their boats are in better condition. It's recommended that you avoid companies with low customer reviews, no reliable contact information, and require you to make a full deposit immediately. 

Insurance Costs 

Boating is generally unpredictable, which is why securing insurance is very important. Many top charter companies allow you to pay a security deposit when you receive the boat. The deposit is refundable if you keep the boat in excellent condition while using it. Boat insurance is also available and the better option in most cases. Perhaps you accidentally hit a rock by the lake or, flying debris damages the boat. You may be left financially responsible for covering the damages if you don't have insurance. If you opt to purchase boat insurance, it's recommended that you look over the policy carefully to have a clear idea of what's covered and potential exclusions. 

Choosing the Right Boat 

It's crucial to find a boat that aligns with your travel plans. Try to inspect the boat before finalizing plans. Avoid making the common mistake of agreeing to charter a boat only to find structural damage or lacking some of the advertised features. Top charter companies offer boats that come with appealing amenities. It's recommended that you look over the total rental price to observe the amenity breakdown and potential extra costs for more equipment. 

Intended Location

Nothing beats boating on a hot summer day; there's nothing but clear water around. It's recommended that you choose a starting point that's near your intended destination when creating an itinerary. This will alleviate stress regarding travel issues on your way back home. Consider contacting a travel agent to see if they provide unique discounts. This can help you save money and enjoy a new perspective. 

Need Boat Insurance? Consult with GrayStone Insurance Group!

Boating is a fun way to spend time with friends or go on vacation. However, there are risks to consider. This guide should help you make an informed decision. If you still have questions about charter boat insurance or looking for boat insurance. Contact our team at GrayStone Insurance, and we will assist you in obtaining the best insurance plan and resolving all your related doubts.