Posted on Oct 31, 2018
Water Quality Insurance Syndicate
Owning a yacht may be for the well-to-do, but idle assets are often a loss owners wish to avoid. Owners of luxury boats—just as those of high-value homes—have increasingly been turning to the sharing economy, or peer-to-peer rentals. Online services that cater to high-value boat leases make it easy for yacht owners to rent out their boats while not otherwise in use and thereby earn enough in leasing fees to cover many of the costs of ownership.