Sign up FAST! Login

Introducing ‘Boatbound’, The Airbnb For Boats | TechCrunch

Stashed in: Airbnb, Sailing, Boats

To save this post, select a stash from drop-down menu or type in a new one:

Boatbound plans to launch later this year, but you can request an early invite here. Here’s how it works. There are about 13 million registered boats in the U.S., and 95 percent of the time they’re unused. Boatbound offers a marketplace website where boat owners list their vessels for rent. Anyone from novices to experienced captains can browse boats and book one for a day. You can search by ship type and location, sort results by price and other factors, see descriptions of the boats, read reviews of the owner or message them, and book through a calendar widget.

Average boat owners only use their vessel 14 days a year. That’s why Boatbound is brilliant. It’s a peer-to-peer boat-renting startup that lets you book everything from kayaks to catamarans to yachts for a day at a time with a $1 million Lloyd’s insurance plan. In his first interview about Boatbound, founder Aaron Hall lays out his plan to make boating more accessible to everyone. Ahoy!

Lol, my friends used to just go down and take them out for joyrides.  They got caught once or twice, but each time the owner was happy someone redid their riggings, ran the engine, debugged their mechanicals, and left it in cleaner condition than they got it.

Orange County thuggery.  :-)

Couple of things to consider:

1) Hall hopes to open the waters to a whole new class of boaters. “People either think it’s too expensive or they don’t know how to boat, but we want to lower the barriers and get it on the short list of things to do on the weekend. Right now it’s a rich white man’s sport. We want to make boating kind of non-elite…by tapping a younger, more diverse demographic.”

2) Boatbound keeps a percentage of the rental price, which helps pay for the $1 million in Lloyd’s liability insurance every boat comes with. This way both parties don’t have to be terrified of a scrape or even serious crash. If something unfortunate happens, you can call a 24-hour claims hotline just like with a car, a claims adjuster comes out, and the boat gets fixed as quickly as possible. Hall explains, “That’s the linchpin, making the boat owners feel comfortable.”

Why would Lloyd's be willing to insure that?

They calculate a net profit?  Win/win/win.  (heh heh - NET profit)

Wow, it's amazing that that could be a moneymaker.

You May Also Like: