# Buoy Commercial Renter's Insurance > What is Buoy Buoy Boat Rental Insurance offered in partnership with Boatsetter provides comprehensive renters insurance coverage for peertopeer P2 Source: https://support.boatsetter.com/en_us/buoy-commercial-renters-insurance-B10e28pq2 Last updated: 2025-11-12T20:33:26.378Z In addition to [Buoy Peer-to-Peer Insurance](https://support.boatsetter.com/en_us/buoy-peer-to-peer-insurance-HJJP3Pobll), Boatsetter offers [Buoy Commercial Renter's Insurance](https://www.boatsetter.com/buoy-insurance) that provides comprehensive renter's insurance coverage for **commercial vessels in Florida**. With Buoy, both renters and owners can enjoy a safer and more secure boating experience, ensuring protection in the case of accidents or damage. Buoy is a reliable trip-based vessel rental insurance compliant with [SB 606 criteria](https://www.boatsetter.com/sb-606-florida-boating-rental-license) that offers protection for both renters and owners during the rental period. Unlike many traditional insurance policies, Buoy coverage suits the needs of renters, providing an added layer of security and peace of mind.  ## How does SB 606 relate to Buoy? SB606 is a Florida boating law aiming to increase vessel safety via new requirements. The ultimate goal of this law is to improve boating safety and prevent accidents on the water as participation in recreational boating continues to grow. SB 606 requires boat rental operators to: * Secure a no-cost livery permit from the FWC prior to offering a vessel for lease or rent * Carry a renters insurance policy that meets the specifications set under SB 606\* * Deliver pre-rental safety and operational instructions to renters * Report any accidents or unnecessarily overdue rentals to the FWC * Display boating safety information in a place visible to the renting public Learn more about SB 606 [here](https://www.boatsetter.com/sb-606-florida-boating-rental-license). _\*Renters must be provided with the option to purchase insurance coverage for their trip at checkout._ ## Check out the benefits of the Boatsetter X Buoy partnership  No matter who you are, if you’re on the water with Buoy Commercial Renter's Insurance, we’ll keep you afloat.  ### Benefits of Buoy Commercial Renter's Insurance for renters: * **Greater security:** Insurance coverage boosts confidence and allows novice boaters to enjoy their on-water experience with peace of mind. * **Peace of mind:** By securing renter's insurance, boaters contribute to keeping waterways safe, fostering a responsible boating culture. * **Small price for safety:** In the unfortunate event of an accident, Buoy renter's insurance provides financial support for bodily injuries or damage to the vessel, ensuring that renters are protected. ### Benefits of Buoy Commercial Renter's Insurance for owners: * **Automated renter's insurance process:** Owners can easily obtain Buoy's renter's insurance coverage through the Boatsetter platform, simplifying the insurance acquisition process. * **Greater security:** Buoy renter's insurance provides owners with increased protection in the event of accidents, reducing potential financial risks associated with boat rentals. * **No-cost supplemental insurance:** Owners listing their vessels on Boatsetter receive coverage at no additional cost, enhancing the value proposition of renting through Boatsetter. ## Who can benefit from Buoy Commercial Renter's Insurance? Buoy renter's insurance is ideal for both owners and renters who meet the following criteria: ### Renters: * Individuals looking to get behind the helm * Novice boaters, water aficionados, or seasoned pros * Booking a boat in the state of Florida * Believing in the importance of safe waterways ### Owners: * Commercial boat rental operators * Operating or looking to operate in the state of Florida * In need of SB 606-compliant insurance coverage * Interested in listing their vessel on Boatsetter ## Am I required to get Buoy rental insurance coverage?  To remain active on Boatsetter, we require you to secure and carry SB 606 compliant supplemental insurance, also known as renter’s insurance or use-based insurance. Renters are not required to purchase supplemental insurance for their trip.  ## Buoy Commercial Renter's Insurance coverage information When it comes to renting vessels through Boatsetter, renter's insurance plays a crucial role in ensuring a safe and secure experience for both renters and owners.  ### Coverage details: * **Hull and Equipment:** Buoy's coverage includes the insured value of the vessel's hull and equipment, up to its actual cash value. * **Boating Liability:** The insurance provides liability coverage with limits of $500,000 per person and $1,000,000 per occurrence. * **Fuel and Spill Liability:** Buoy insurance includes coverage for fuel and spill liabilities, with a limit of $1,000,000 per occurrence. * **Medical Payments:** In the unfortunate event of an accident, Buoy offers coverage for medical payments, with a limit of $25,000 per occurrence. * **_Important Note:_** _Please be aware that Buoy's renter's insurance policy does not cover vessel trailer liability._ Boatsetter partners with exclusive insurance providers as we are committed to creating a seamless and worry-free boat-sharing environment. Whether you're an owner or renter, Buoy insurance offers peace of mind and added protection for all your on-the-water adventures. _Please note that Buoy underwriting rules stipulate that any vessel 33ft or greater in length cannot be operated by a renter and must be operated by a USCG-certified captain._ To read more about adding captains to your vessel, please click [here](https://support.boatsetter.com/en_us/adding-a-captain-B1uGUJjns). Got questions about Buoy? Find answers about [Buoy Coverage here](https://www.buoy.rent/fl-protection-packages).  ## Frequently Asked Questions **Will this cost me more money or cut into my earnings?** No, this will not change how much you earn. **What if renters don’t purchase, am I at all liable?** Please refer to the [Buoy policy](https://www.buoy.rent/us-coverage) or consult with your insurance broker for coverage-specific details. **Do I get a commission for selling this insurance to renters?** No. There is no commission to owners for the sale of any Buoy insurance policies. **Does Buoy help me comply with the law?** Yes, the policy meets all requirements of the Florida Safe Boating Act of 2022. **How much does the renter pay?** The insurance price per trip will differ based on factors such as the duration of the charter, season of the year, boat type, and the age of the renter. On average, Buoy insurance is less per rental period than rental car insurance, U-Haul insurance, or RV insurance. **How is Boatsetter supporting this?** In order to remain compliant with SB 606, we have partnered with Buoy to underwrite our existing owners and their boats for a renter’s insurance policy that fulfills regulation requirements. Affected Florida listings need to offer this policy to remain active on Boatsetter. This policy is free for owners and will not cut into your earnings. Once underwritten, renters can purchase or decline trip-based coverage when booking your vessel on Boatsetter. **What information do I need to have ready?** * Boat Registration Number (BRN): The BRN can be found on your boat’s registration document and will be in one of the following three formats: * State registration level: Typically 2 letters + 4 numbers + 2 letters. (i.e. FL1234YY) * USCG level: Comprising 6 to 8 characters, which may be all digits or start with 1 or 2 letters (A-Z) followed by 6 or 7 digits. (i.e. DO123456) * International Maritime Organization: A unique, seven-digit number. (i.e. 1234567) * Boat Value * Engine quantity * Total horsepower **How do I meet the requirement / how do I get underwritten for Buoy coverage if I have an existing boat on the platform?** Login to your Boatsetter account and navigate to your Owner Dashboard > My boats. This warning icon will appear if your boat requires an update. ![](https://cdn.kustomerhostedcontent.com/media/63b5c8a85a141f76a9688e43/c2a1ce5f627e91be21f11913ce32ea5c.png)