When you rent a boat, the renter, whether professional or private, asks for a sum of money to serve as a deposit. This will cover any damage that may occur to the boat during the rental period. At the end of the contract, if the navigation went smoothly and the boat is returned in the same condition as at departure, the lessor will return the deposit to the lessee.
The difference between deposit and deductible!
The deposit is a guarantee that the lessor takes to protect himself from problems that may occur on the rental. For example, if the renter does not fill up with fuel on the return trip, or if a fender or trim is missing. The deposit covers all events that are not covered by insurance.
The deductible must respond to a claim that is the responsibility of the boat's insurer. In the event of an event at sea (bottoming, end in the propeller, collision with another boat...) the insurer intervenes. It will therefore cover the claim beyond the value of the deductible.
Renters often mix up the deposit and the deductible and only ask their tenant for a single deposit cheque. In this case, this "deposit" also includes the deductible.
Franchise buyout
Deductible buy-back, as the name suggests, insures the deductible but excludes the surety. It is an insurance that is calculated on the value of the rental and avoids having to pay the insurance excess in case of a sea incident.
Be careful, even if you take out a franchise buy-back contract, you will have to reimburse the small spoons that have fallen into the water!
Why choose a franchise buyout?
Franchise buy-back is offered to all customers who rent a boat, whether from a professional charterer or a private individual. It's an insurance policy that you take out once you've rented your boat. It is calculated on the total rental amount (between 4 and 8% of the rental price). To choose this insurance, simply go to the Ouest Assurances Plaisance website and subscribe online.
This insurance is very reassuring for both the tenant and the lessor. In the event of a claim, you are guaranteed not to have to cover the insurer's deductible. This can amount to several thousand euros! Compared to the hundred euros that this franchise buyout costs..
Moralizing the tenant
But beware, just because you're covered by this deductible buyout doesn't mean you can do anything! In order to moralize the renter, Ouest Assurances Plaisance obliges a residual excess of 350 euros to 800 euros to be paid by the renter (800 euros for a yacht taking part in a regatta). This obligation is there only to ensure that the tenant keeps in mind that he can leave a few feathers.
No raise in 30 years!
The Force 9 franchise buy-back contract has not been increased since its inception! Ouest Assurances Plaisance manages to maintain its prices with a large volume of policyholders. In addition, this broker also acts as the company's representative. He is the contract manager from the beginning to the end of the processing of the file. This means that the claim is settled within a short period of time once all the documents have been put together.
In addition to this Force 9 contract, Ouest Assurances Plaisance offers options such as trip cancellation or assistance in case of problems. Ask around, they're yachting specialists. Not forgetting the boat insurance policies which remain the trademark of this very marine broker.
