I will make sure insurance is in place, but will the contract protect me from being legally responsible from anything they do?

 

  • Gambit 3:57 am on September 30, 2009

    As owner you are liable for the damages caused by the item owned. The only exception is if the item was stolen and you were not negligent in contributing to it being stolen (i.e. leaving a car running on the street with the doors unlocked may mean you are responsible should it be stolen and causes damages). If the person who rents the RV does not have the financial means to cover the damages done to other’s property, no waiver, contract or paper will protect you from being sued (release of liability waivers are generally useless in court).
    Normal insurance for an RV does not allow you to use the vehicle for compensation or hire. So if you were planning to use your regular insurance, forget it. Your claim will be denied faster than a Porsche on the Autobahn. Considering I once quoted a fleet policy for a small taxi company (five vehicles) and they could not make it work with five vehicles, I can’t see how you renting only one vehicle can make it worth it with the proper insurance, unless you going to charge huge rates.

  • mbrcatz17 3:57 am on September 30, 2009

    No, it doesn’t work that way. It can help discourage the contract party from suing, but doesn’t PREVENT them from suing. Also, as an example, if they hit someone, the OWNER of the rv (you) can be held liable in a courtroom by a third party, for damages.

    Additionally, YOUR insurance is not going to protect you while you rent out your RV. THEIR insurance isn’t going to cover you, the RV owner, if THEY insure the rv on their policy.

    I would NOT rent out the RV – too much risk, IMO. I’d flat out sell it.

  • MTR 3:57 am on September 30, 2009

    No. In most states the owner of the vehicle is still responsible for actions of anyone driving it. Worst yet, you may have an exclusion in the policy stating that if it is rented out, there may be no coverage at all.

    Better to leave situations like this to the professionals, but, it is possible there may be a group that rents out your rv for you and carries the insurance on them during the time fo rental (similar to time share). Look into that instead.

  • blb 3:57 am on September 30, 2009

    How are you going to get insurance on an RV that you rent out?? You will have to take out a commercial insurance policy in order to get coverage and you are not going to have an easy time finding someone to do this for you. Also, if you own the RV, yes, you will get pulled into any lawsuit as the owner of the RV.

    • People are reading:

    how to rent my rv, should i rent my rv, how do i rent my rv, can i rent out my rv, rent out my rv, INS FOR RENTING OUT RV, rent out my motorhome aaa insurance, I own an RV I rent to and would like to have a Waiver of Liability, liability of renting your RV on your property, liability letting someone live in rv, i want to buy insurance for my RV rental fleet, Is there any places that rent out small motorhomes, i want to rent out my rv who carries commercial rv insurance, IS IT AGAINST THE LAW TO RENT OUT YOUR OWN RV?, why does my insurance company want my RV of my property, rent out your rv, what do I need to rent an rv on my personal property?, teach me how to rent my motorhome out, rv liability waiver, renting your rv contract, renting out my rv, renting out an rv, renting my rv, renting my land for rv guidelinwa, renting my camper how about insurance, rent to own trailer contract, I own an rv and want to rent it to someone what insurance should I havr?, i need to rent an rv how much is it, Commercial Rental insurance for RV, can someone rent your RV