Peer-to-peer boat sharing (Part 2)

In an earlier post, we discussed the growth of peer-to-peer boat sharing initiatives. Some companies who facilitate exchanges between boat owners and consumers have released statistics outlining their managing of thousands of boats stationed throughout hundreds of American cities. Other organizations have boasted figures of overseeing more than 10,000 boats stationed throughout 52 countries. 

It's still too early to determine how successful of an enterprise peer-to-peer boat sharing will become. Nevertheless, the costs of maintaining, stationing and insuring a boat stands out as one of the leading motivators for the industry, according to Trade Only Today. Peer-to-peer sharing allows boat owners to offset some of those costs. This is why, with the boating industry earning $35 billion yearly and serving a market where 75 percent of all boat owners earn less than $100,000 annually, the potential for peer-to-peer boat sharing is evident. 

One of the obvious benefits of partnering with a p2p platform is that many of them supply insurance offerings. Shawn Gardner, co-founder and CEO of Fun2rent.com, says that peer-to-peer organizations often provide better insurance options on account of typical rental companies not having the inventory to provide coverage on something like hull damage. 

"When you rent from these private rental companies, if you total the boat it's coming out of your paycheck," Gardner says. "We have better rental insurance than most of the companies out there."

Other incentives include no membership fees, simple boat listings, total autonomy over who rents your vessel and when it is rented and access to an entire boating community that has no geographic limitations. 

The future of p2p boat sharing may be uncertain but you can certainly contact ePal about the best boat parts and boat accessories today. We have all of the products you need. 

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