Insurances.net
insurances.net » Boat Insurance » Boat Share Basics And Benefits
Auto Insurance Life Insurance Health Insurance Family Insurance Travel Insurance Mortgage Insurance Accident Insurance Buying Insurance Housing Insurance Personal Insurance Medical Insurance Property Insurance Pregnant Insurance Internet Insurance Mobile Insurance Pet Insurance Employee Insurance Dental Insurance Liability Insurance Baby Insurance Children Insurance Boat Insurance Cancer Insurance Insurance Quotes Others
]

Boat Share Basics And Benefits

Boat Share Basics And Benefits

The boat share concept falls somewhere in the middle between a one-time charter and going all in to buy a boat outright

. For anyone who won't be living in it or using it every day, buying a vessel might be overkill. On the other hand, charters are limited to annual trips like a vacation.

Sharing ownership of the vessel circumvents many of these problems and offers flexible sailing dates and time on the water, while not requiring a large investment and the ongoing hassles and costs of single ownership. Sharing a vessel means not having to deal with issues like insurance, marine fees, etc. Probably the single biggest benefit is freedom from having to deal with the cost and trouble of maintaining the vessel.

Way it works is that there are boat share or fractional yacht ownership companies that manage the whole thing. People can buy actual shares that provide fractional ownership in the vessel. It could also be a timeshare arrangement where members simply pay annual membership fees and usage charges which are much lower than the cost of a charter.

There are many variables involved here, so do so some comparison shopping to see which company is offering the best deal. For instance, how much time per year does a member/owner get on the vessel, and how does the booking arrangement work? Some companies have limits on how soon the next trip can be taken after one trip out on the water.

Others may require some form of advance notice to prevent a clash of dates between co-owners of a vessel. This is especially true during peak periods, such as holidays and summer vacations. Then there's the question of the maintenance and who pays for it.

Then there are also questions about the crew (if any) and other such factors that depend on the size and type of the vessel. The summary of it is that a boatload of money can be saved by opting for a boat share. It allows people to roam the seas at will without having to pay through the nose, but it still has to be looked into carefully to make sure the arrangement is legit.

by: Ben Sail
Boat insurance from Insure A Boat Satellite Internet for Boats Buy Used Boats From The Online Dealers At Really Affordable Price Boat Loans: For The Trip That You Never Had Understanding the Watercraft Insurance Protect Your Boat With Quality Boat Tops How To Build A Boat Lift-Plans 4 Boats Download Ten Accessories For Your Pontoon Boat Inflatable Boat Tips - Helpful Things You May Not Be Aware of The Unique Experience Of A Kerala Houseboat Tour Sailboat As Party Favors Boat shoes- the perfect stylish footwear for men Be More Stylish By Wearing Womens Boat Shoes
Write post print
www.insurances.net guest:  register | login | search IP(44.222.225.12) / Processed in 0.012055 second(s), 6 queries , Gzip enabled debug code: 12 , 2120, 977,
Boat Share Basics And Benefits