Insurance for Powersports Rental Owners
What you need to know before your first booking.
The direct answer:
ThrottleShare is a peer-to-peer marketplace — the platform does not provide insurance to owners or renters. As a rental owner, you should: (1) notify your existing powersports insurer that you're renting the vehicle, as most personal policies exclude commercial activity, (2) explore specialty peer-to-peer rental insurance from carriers like Outdoor Power Solutions or Progressive commercial, and (3) set a security deposit on your listing. Some owners require renters to carry their own renter's insurance.
The Coverage Gap You Need to Know
Your standard ATV, UTV, or powersports insurance policy almost certainly has a "commercial use exclusion." This means if you rent your machine and a renter damages it, your personal policy may deny the claim because the vehicle was being used for commercial rental activity.
Action required: Call your insurer before your first rental and ask directly: "Does my policy cover damage if I rent this vehicle to a third party?" Get the answer in writing.
Coverage Options for Rental Owners
- Notify your current insurer: Some carriers will add a rental endorsement to your existing policy for a modest premium increase. This is the simplest solution if available.
- Specialty peer-to-peer coverage: Carriers like Progressive Commercial and specialty outdoor vehicle insurers offer policies designed for P2P rental. Premiums vary by vehicle type and rental volume.
- Security deposit: ThrottleShare allows owners to require a security deposit held by the platform. Set this at a level that covers your deductible for minor damage scenarios.
- Renter coverage requirement: Some owners require renters to carry their own recreational vehicle insurance. Add this as a booking requirement in your listing.
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