Three words in the new Boating Safety Act — might doom boat and jet ski rental companies across the state when it goes into effect Jan. 1.
Three words in the new
— passed last legislative session to keep people safer in Florida waters — might doom boat and jet ski rental companies across the state when it goes into effect Jan. 1.Florida liveries are for the first time required to carry insurance on both the liveryAll agree those words will cripple the industry unless insurers come around — or unless the legislature fixes the law in the next session.
Some insurers estimate that doing so would raise rates from around $1,500 per boat annually to more than $8,000 per boat, Peggy Mathews, lobbyist for American Watercraft Association, told the Florida Fish and Wildlife Conservation Commission on Wednesday.Industry sources say most insurers currently operating in Florida refuse to insure renters.
Without those three words being removed from the law, Florida's waterways could look a whole lot emptier in the new year.
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