It sounded like they were looking for replacement value, as they mentioned that yacht costs had risen. If 90% of charterers are terrific, treating the boat as though it were their own, then 10% will still be a hazard. Potentially a very big hazard. If the rental company is not trying to weed out that 10%, then owning a boat in charter will come with risks.

We have a new neighbor, rebuilding an Irma-wrecked house, who plans to rent it short-term. I pointed out that the biggest problem is abuse of the boat that comes with the house, which he has already seen with other properties. It's the number one issue.