Mandatory vQuip Liability Coverage
vQuip Renters Insurance Coverage $15 fee is required on all bookings. Your boat rental adds you as an additional insured to Freedom Ring Boats’ master policy. This policy includes certain liability coverage, which, generally, may pay for bodily injury or property damage up to $50K caused by an accident during your rental as well as a $2000 Damage Waiver. The liability coverage is subject to the actual terms, conditions, exclusions, and limits of liability of the policy. If you need any additional clarification on the insurance coverage options, please call vQuip Insurance Agency at 704-496-9002.
Stay protected on the water with mandatory vQuip third-party liability coverage. This per-trip insurance helps cover you if you accidentally injure someone or damage another person’s property during your rental. With vQuip’s coverage, you have an added layer of financial protection if something unexpected happens involving another person or their property.
Keep in mind, this coverage does not include medical expenses for you or anyone riding with you on the watercraft.
Boat Renter’s Insurance FAQs
Insurance is required for all renters. The costs of equipment and healthcare have risen significantly over the past three years. A new boat typically ranges from $5,000 to $25,000, so even minor damage can lead to expensive repairs that may be your responsibility. On top of that, any injury-related claims can further increase those costs.
The person who rents the vessel is covered. Anyone listed during check-in who is pre-qualified, approved, and added to the policy by vQuip is also covered. This does not include anyone under 18 or anyone not specifically named on the policy.
Coverage limits:
- $25,000 maximum for any one person
- $25,000 maximum for property damage
- $50,000 maximum for any one incident
- $50,000 for claims adjustment expenses
Additional details:
- Emergency towing and assistance are not included
- Medical payments not included
- Damage waiver up to $2,000
You may be held responsible for injuries to your guests or damage to someone else’s property. This can include situations like bumping into a dock, colliding with another boat, or injuring someone in another group.
No, this policy does not cover in water activities, and entering the water from our boats is strictly prohibited. However, if you accidentally strike a guest or any person, other than a family member, with the boat while they are in the water, the policy will apply. Always turn off the engine when people are in the water near the boat.
Legal costs can add up quickly. This coverage helps pay for the investigation and legal defense if a claim is made against you or a named operator for injury or property damage caused while operating the boat.
No. Operating the boat while under the influence of alcohol, drugs, or any impairing substances is strictly prohibited. Boating requires full attention, and impairment puts everyone at risk.
Do not hand control of the boat to anyone who is not listed on the policy. Contact us immediately using the hand radio provided on the vessel. We will then assist you. Safety should always come first.
If there is an emergency, contact emergency services immediately.
When you return to the dock, notify a dockhand right away, and they will guide you through the next steps.
If you need to report a claim after leaving the marina, contact vQuip to report the incident.
If the main operator purchased vessel charter insurance, you will need to speak with a licensed vQuip insurance agent to begin the claims process at 704-496-9002. If no policy was purchased, a vQuip team member can still help guide you.
You should also complete an incident report with the following details:
- Name and contact information of the named insured
- Policy number
- Date and time of the incident
- Location of the incident
- Name of the operator at the time
- Name of the rental marina
- Description and current location of the vessel
- Description of what happened
- Whether there were any injuries, including names and details
- Any environmental or pollution concerns