quote:
Originally posted by CaptFritz
For the cost of 1 charter you could be properly insured. Seems like a no brainer.
www.advoutdoors.com
How much should 210 Scout charge for a charter to make it cover the cost of the policy along with fuel and supplies for the day? You said it would be $500-1000 in additional insurance? I did not realize you could make that kind of money a day with a 21 foot boat only chartering 4 or 5 times a year. Dang 210 Scout, sounds like you could make some SERIOUS money at this if you make multiple charters a year. 
Set the trap boys, we going to pass through them again!!
quote:
Originally posted by Scoutin 4 Goodies
quote:
Originally posted by CaptFritz
For the cost of 1 charter you could be properly insured. Seems like a no brainer.
www.advoutdoors.com
How much should 210 Scout charge for a charter to make it cover the cost of the policy along with fuel and supplies for the day? You said it would be $500-1000 in additional insurance? I did not realize you could make that kind of money a day with a 21 foot boat only chartering 4 or 5 times a year. Dang 210 Scout, sounds like you could make some SERIOUS money at this if you make multiple charters a year.
Set the trap boys, we going to pass through them again!!
Read the whole thread, I said 500-1000 and Lee came back and said it would be nowhere near that. So I take that to mean it would be considerably less than 500 and the average cost of an inshore charter starts at $350 around here
www.advoutdoors.com
“I have tomorrow open!”
Fritz is correct. Each policy is rated indivudally, so specific premiums will vary, but generally speaking, for a full-time 4-pack, nearshore/inshore charter, or for occasional charter on a 6-pack pleasure policy, the difference between the price of a pleasure-only policy and what I can sell a charter policy for is a little less than the cost of a single charter in most cases.
Gotcha Covered,
Lee Strickland
Strickland Marine Insurance, Inc.
843-795-1000 / 800-446-1862
quote:
Originally posted by gotchacovered
Fritz is correct. Each policy is rated indivudally, so specific premiums will vary, but generally speaking, for a full-time 4-pack, nearshore/inshore charter, or for occasional charter on a 6-pack pleasure policy, the difference between the price of a pleasure-only policy and what I can sell a charter policy for is a little less than the cost of a single charter in most cases.
Gotcha Covered,
Lee Strickland
Strickland Marine Insurance, Inc.
843-795-1000 / 800-446-1862
I will call you tomorrow. I am interested in this as well. Can I purchase a policy to cover me if I am driving someone else’s boat? Basically, if I am operating a buddies boat and we are taking a few of his friends on a charter, regardless of what his policy does or does not cover seems like it would be advantageous for me to have a policy.
Think of the situation where someone hires a local captain to take them out on their boat, not the captains, and show them how to fish on their boat. If the captain now operating “under hire” is involved in an accident seems like that could get interesting very quickly on who pays what.
Set the trap boys, we going to pass through them again!!
Call me on my cell phone because my wife just had a baby, and one of my kids is sick right now. Tough week. 509-2526
Yes, it can get sticky when you start doing that. The FIRST thing you need to do before agreeing to do what you’re talking about doing, S4G, is make sure the owner of the boat you’re talking about running has charter insurance on the vessel with true P&I and Jones Act coverage (rather than watercraft liability) and names you as a paid captain and an additional insured. That is the first step and very necessary. That will cover a lot of exposure for you and is normally considered sufficient, but also a minimum necessity. I can also get you covered for personal liability as a captain, separately, but to do that is expensive and possibly not cost effective for you, given your description. it will cover YOU personally–not the boat, and not the company you work for or own, and you must be operating non-owned vessels for the coverage to apply, as any boats or companies that you own should be covered by a boat/yacht/commercial policy. A separate policy to cover just your liability as a captain will cost almost as much as the entire charter policy itself just to insure you separately. I can do the same for mates, also, but again, it’s often not considered cost effective by the insured. Most people who buy policies like that are captains of large commercial vessels. This is not MOPS that I’m talking about here. For fishing-charter and small-boat captains, MOPS coverage is limited to license protection and will not cover liability. MOPS will provide liability coverage for delivery captains, tug captains, etc., but for not small-boat or charter captains. For the liability, this other program is a lot cheaper than MOPS anyway because MOPS requires the base license coverage first, and then stacks premium on top for liability options; it adds up rather quickly. I do have my MOPS underwriter looking into proving coverage for small-boat/charter captains, but that’s not what their program is desi
Scoutin4 you are correct it would take alot of charters, but I am looking to move up in size, but i really want to sell my 21’ first.
thanks for the help guys
21 scout w/150 yam 4str
16’ Alum. w/40 yam
Don’t forget the $150 charter vessel permit from DNR.
Offshore type lifejackets regardless of where you are fishing. ~$40 each kids and adults
$130 TWIC card for federal id purposes and a few other expenses that go with being legit.
www.advoutdoors.com
“I have tomorrow open!”