Rent out personal toy hauler
Has anyone checked into renting out their rv or toy hauler? Is there special insurance required for doing this? How do you hold someone accountable for damages? I have been thinking about rentin...
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On the insurance issue; when I used my condo in Branson for my personal use only, I had a regular insurance policy. When I put it in a nightly rental program I had to upgrade to a commercial insurance policy, about 20% higher than the personal policy. Check with your agent, he'll know. I really think that will be your biggest issue, you just want to be covered in the event a renter has a serious accident. You might check with the people who rent RV's for a living and get a copy of their contract.
You will probably want to get set up to accept credit cards for payment, plus you can use the card as a backup for damage. Lots to think about but it can be done.
You will probably want to get set up to accept credit cards for payment, plus you can use the card as a backup for damage. Lots to think about but it can be done.
