I sail a Laser 4000, and have been asked by a couple of ex4000 sailors, now 49er sailors if I would hire out my boat to them for the Bandol Eurocup event.  
 
As it happens I am busy here for 3 weeks over that period so even if the boat was here I wouldn't be able to sail it, so not having use of the boat for that time isnt an issue.
 
I've pretty much decided that I don't mind chartering it out for this period, but what would be a reasonable rate for an event like this?  I have never done this sort of thing before so don't have any idea.
 
Also is there anything I should take into consideration, I know that they have insurance that would cover the boat while on the water and being transported.
 
Many thanks, Hugh

Are you positive? I think it would be quite unusual to have insurance to cover you when sailing or towing someone else's boat. Certainly for yacht-sized boats, it is the owner, not the charterer, who provides the insurance, and it is normally far more expensive than insurance for owner-only use - to the point where occassionally chartering your boat just isn't worthwhile.

The going rate for a racing keelboat valued at something like £12,000 would be around £400-£500 for a summer weekend. However that includes aspects like the use of a marina, so I guess it wouldn't pro-rata for a dinghy.

well there two things really that you have to concider

1) how much is your boat worth

2) how long they are going to use it for

Boat is worth about £2700, and they would be using it for a 4 day event but would probably have it nearer two weeks.

Would £100 be reasonable (assuming it is using their insurance), too little, too much?  I'll double check with them about their insurance and draw up a contract and see if they're happy with it.

thanks for that.  I will print this out, take it with me and discuss it with them.

Many thanks

Hugh

I think if its for the 2 week period (they may train it in before) £200 would seem reasonable if you included a trailer and sails (as these are the 2 main 'perishable' items- ie most affected by wear and tear). And Bandol is a long slog to get to, so its not the same as charging them £200 to race it round your local pond.

thats very true how badly do they wanna do this event

Couple of hundred quid sounds fairly cheap. 

How about asking them to buy a new Kite for you instead (that they can use at the event).  Then they have paid for the most perishable bit.  (insist it is repaired if damaged at the event).  Then they then have some "buy in" to keeping the boat in one piece.

By the way, anyone want to BUY my boat ?

I've got a kite that has only been used for 1 4day event and is in very good condition, I've also got a good jib.  The dubious bit is the main (which I've just had repaired) but they said that they thought it would be fine as mains tend to last for ages.

Plan, Flames, shot down.....

I would agree with Stefan with regards to the insurance.  It is unusual for an insurance comapny to be able to provide cover for something you do not own.  I would check the charterer's policy very carefully if I were you.

If they are not covered, then it is up to you, as the boat's owner, to provide the cover.  Most policies would exclude cover for you to charter or hire your boat, but I would advise that you check with your insurance company.