By Jordan Gerard | Arizona Capitol Times
Key Points:
- New technology allows people to rent their boats short term, similar to vacation home rentals
- Businesses and state officials said they’re concerned about insurance requirements, safety and taxes
- Legislation proposes to require peer-to-peer boat renters to carry liability insurance
For years, Arizona’s boat rental companies have paid for liability insurance and complied with state regulations they say are essential to keeping people safe on the water.
But their newest competitors don’t have to.
As peer-to-peer boat rental platforms turn privately owned boats into short-term rentals, commercial boat rental companies and public safety officials say Arizona’s regulations haven’t kept pace with the new technology, creating concerns about fair competition, insurance and safety on the lakes.
