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Boats & Personal Watercraft

High-Risk Vehicle Rental Insurance: Watercraft, ATV, And Exotic Cars

Watercraft Boat Rental Insurance

Not many people can afford to own a boat, but if you’re aching for a day out on the open waters, renting one is the next best thing. As the wind is blowing through your hair, there should be a couple of things going through your mind. Safety is always of the highest priority when partaking in any kind of water activity, and along with a few good life jackets, you’ll also need the best boat rental insurance policy to fit your needs.

If you’re running a boat rental operation, providing liability coverage for you, your employees, and your customers will ensure that everything runs smoothly. Your plan should cover all of the most common liability risks, including damage to the exterior and interior of the boat, major and minor accidents, and any injuries that occur to any of the passengers. Your boat insurance plan should enable you to keep the boats you rent in the utmost condition so that anyone can feel safe while they’re out on the lake or sea.

ATV Rental Liability Insurance

There are people who will swear that there is nothing more thrilling than taking an ATV out for a spin. The speed, power, and maneuverability of the machines is awe-inspiring. Maybe you’ve heard all this and have decided to try one for the first time. Perhaps you’ve ridden one before and would like to get on one again. You may even be possibly considering purchasing one, but would like to spend a little more time with one before you make your decision. Renting an ATV is the simplest and most obvious way to satisfy any of those needs. Now, no one needs to tell you the dangers of riding on ATVs. They come with the territory. However, there are precautions you can take to lessen the risk.

Custom ATV rental liability insurance plans are available to cover you in the event that something goes wrong. And sometimes things DO go wrong. That’s why the ATV rental business of your choice will make you sign a number of waivers to free themselves of any responsibility. They will probably offer you insurance as well, which you should purchase. However, the standard insurance you will be offered is not enough. An ATV liability insurance plan should also be at your disposal for coverage on more than just the ATV itself, like your body, or property damage, or possible lawsuits. With proper insurance in place, you’ll be free to enjoy your rental and push that ATV to its limits.

The Thrill of ATVs

Most people who venture out to see the sights of a new area see it from the streets. They sightsee from the buildings and only go out in the woods if it is convenient to do so, from their vehicle. Some of the best places to see are not accessible by traditional vehicles. ATVs, motorcycles, and other off-road rides can get you out into the world where few others have been able to go. Best of all, you can experience it without windows and doors. You can get out there on that cliff or that hidden lake while you feel the wind on your face. You can travel slow or you can reach impressive top speeds of around 65 mph, depending on your skill level and how much risk you are willing to take.

The Risks of ATV Rentals

Most people who have decided to rent an ATV for an adventure in the great outdoors will have very little to no experience. Experience only comes from owning an ATV and even with that, there are still risks to the person riding. In 2018, there were approximately 252 drivers killed on an ATV with 24 passenger injuries. Most deaths are men, but there are often kids who are under the age of 16 involved. Those who were involved in an accident, but managed to survive it, often end up with damage to themselves. Injuries usually involve the driver or passenger’s head and neck, arms, and legs, their torso, or their hands and feet.

In 2016, the number of non-fatal ATV injuries was more than 101,200. Admittedly, as people become smarter about ATV safety, the injuries have lessened, but it is important you understand that you will never be “too safe” on a recreational vehicle.

ATV Safety

As an ATV rental company, make sure your customers know the following safety tips.

  • Always Wear a Helmet
  • Never Ride on Paved Roads
  • Never Ride After Drinking or Using Drugs
  • Never Ride Passengers on Single Seat ATVs
  • Monitor or Prevent Kids Under 16 Driving an ATV
  • Maintain a Safe Speed

Coverages Available for ATV Rental Insurance

We provide specialty customized insurance coverage through an all-in-one approach to fit your needs.

  • Commercial General Liability
  • Rental Liability
  • Fleet Insurance
  • Commercial Auto
  • Property Damage

ATV Insurance Options

As a tour guide, an operator, a rental company, or a business owner, XINSURANCE can provide the right ATV rental insurance options for you. If you currently have an insurance policy, let us take a look. We can provide a policy review for free. We’ll let you know if you have proper coverage or we can suggest what additional coverage you might need. There are a lot of inherent risks with ATVs and an accident can occur at any time so make sure you have liability insurance.

Rental Insurance for Exotic Cars

Rental Insurance for Exotic Cars: The Need for Speed – and the Right Coverage

Everyone at some point has dreamed of driving an exotic or high-end luxury vehicle. Whether it’s a Ferrari or a Lamborghini or another supercar, there’s something special about these beautiful vehicles. It’s no surprise that so many people would love to experience the feel of one.

Since exotic cars are expensive, the only way most people can make this dream a reality is by renting the car, whether for the day or a couple of hours. It’s a way to get a taste of luxury and sit behind the wheel of a top-end vehicle.

Allowing the public to rent your exotic car or cars is a great way to turn your passion into a lucrative business as well as sharing the joy of exotic cars with others.

While most people have thought about driving an exotic vehicle, not everyone thinks about rental insurance for exotic cars. If you run an exotic car rental business, however, exotic car rental insurance is essential.

What Makes a Car Exotic?

While there are many high-end cars on the market, such as Mercedes Benz and BMW, very few make it into the ranks of the exotic. To qualify as the cream of the crop, each exotic vehicle:

  • Requires experience to handle their high-performance efficiently and safely.
  • Costs at least $100,000, often a lot more.
  • Requires bespoke tools to maintain and carry out repairs.
  • Requires specialist knowledge and genuine parts to repair.

The top exotic and high-end luxury brands are Ferrari, Lamborghini, Aston-Martin, Porsche, McLaren, and Maserati. Even if someone could afford to buy one of these amazing cars, what most people forget is that maintaining and insuring them can be almost as expensive as the initial purchase. These potentially prohibitive costs encourage people to rent exotic cars or race them at designated tracks.

Running an Exotic Car Rental Business

If you run an exotic car rental business, you’ll know that it’s highly lucrative. Luxury cars are in big demand, so business is good for the rentals market.

What’s not so good is the associated cost of running such a business, particularly when it mainly involves having inexperienced individuals in control of powerful and high-performance vehicles.

Those in control of luxury vehicles have a 29% higher collision frequency than someone driving a regular car. Individuals driving very powerful cars are often not used to their capabilities or they find themselves driving irresponsibly or too quickly. When these crashes and collisions occur, the resulting repairs are very costly due to the cars’ bespoke nature.

Personal auto policies don’t cover exotic car rentals. This leaves rental services wide open to liability claims and costly lawsuits.

Finding the right exotic car rental insurance is very difficult. Most policies won’t cover exotic car rentals.

XINSURANCE Can Cover You Where Other Businesses Have Failed

XINSURANCE has been providing solutions for high-risk categories for over 40 years. We specialize in occupations or activities that are difficult to insure as we believe that everyone deserves complete coverage for peace of mind.

XINSURANCE is powered by Evolution Insurance Brokers, LC (“EIB”), an excess and surplus lines insurance brokerage. We take an “all-in-one” approach to provide coverage, meaning we assess all areas of your business or activity and use the information to provide a completely customized policy that suits your needs 100%.

Our extensive product line includes rental insurance for watercraft boats, ATVs, and exotic cars, so if your business hires out high-risk vehicles or you are an individual who rents his or her vehicle, we may be able to provide rental insurance for you.

Coverage Available from XINSURANCE

Our coverage is extensive. We can find a customized plan to protect your vehicle rental business from liability claims. We will look at your current situation, history, and other business factors to determine which coverage you need.
Our policies include:

  • Rental liability
  • Personal liability
  • Commercial general liability
  • Commercial auto (available in most states)
  • Fleet insurance
  • Property damage
  • and more

We do not cover workers compensation or medical insurance.

How to Contact XINSURANCE for Vehicle Rental Insurance

Whatever your preferred method of communication, we’ve made it easy to contact us here at XINSURANCE. Visit our website to learn more about us, see our product line, or to receive a quote. If you have questions and need to know more, you can email XINSURANCE at

For those preferring to speak to someone directly, you can call us on 877-585-2853 or, if you are in the Salt Lake City area, you are welcome to arrange a face-to-face meeting with a member of our experienced team.

We’re located at 8722 S. Harrison Street, Sandy, Utah 84070 and we’re looking forward to meeting you!

XINSURANCE can also be found on the most popular social media platforms. We’re available on Facebook, Twitter, YouTube, LinkedIn, and Instagram so make sure to follow or like us so you can stay in touch and stay up to date with all our news and events.

Speaking of events, we really enjoy getting in front of our customer base. You can find us at various expos, trade shows, and other exciting events. Head over to our events calendar to see where we’re going to be in the coming months.

Don’t find yourself in the unfortunate position of having to deal with a costly lawsuit without adequate insurance coverage. Your vehicle rental business required considerable investment, so it would be wise to protect all aspects of your business with appropriate coverage, including property damage and bodily injury to a 3rd party. You can never be sure how well the customer is going to be driving them. And accidents happen, even to the most experienced, most careful drivers.

Get in touch with XINSURANCE today and find out how we can help you get the peace of mind you need and allowing you and your customers to admire and enjoy your beautiful cars stress-free.

Originally published April 30, 2009 8:15 AM, updated August 04, 2020

Rick LindseyAuthored by Rick J. Lindsey, President, Chairman, and CEO of XINSURANCE

Rick J. Lindsey hails from Salt Lake City, Utah. He began working in the mailroom of his father’s Salt Lake City insurance firm, getting his introduction to the business that became his lifelong career. Rick J. Lindsey quickly rose through the ranks while working in nearly every imaginable insurance industry job. As an entrepreneur, specialty lines underwriter, claims specialist, risk manager, and a licensed surplus lines broker, Rick J. Lindsey is highly skilled in all levels of leadership and execution. As he progressed on his career path, Rick J. Lindsey discovered an urgent need for insurers willing to write policies for high-risk individuals and businesses. He was frequently frustrated that he could not provide the liability protection these entities desperately needed to safeguard their assets. He also formed the belief that insurance companies acted too quickly to settle frivolous claims. Rick J. Lindsey decided to try a different approach. He started an insurance company and became the newly formed entity’s CEO. This opportunity has enabled Rick J. Lindsey to fill a void in the market and provide a valuable service to businesses, individuals, and insurance agents who write high-risk business. XINSURANCE also specializes in helping individuals and businesses who live a lifestyle or participate in activities that make them difficult for traditional carriers to insure. If you’ve been denied, non-renewed, or canceled coverage, don’t give up quite yet. Chances are XINSURANCE can help.