FAR question - Renting to a friend

[freerangequark]

My wife wants to rent her privately owned Cessna 150 to a friend.

Her insurance will not cover anything beyond hull coverage. The renter would have to carry renters insurance.

Does renter's insurance cover them in this rental situation since my wife is not a rental business?

Would 100 hour inspections need to be conducted? (I am pretty sure they are not required).

Can the rental cost cover both direct and indirect operating costs?

Is this a bad idea?

Thanks,
Glenn

 

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