When you purchase a boat, you may envision spending many days on the water. Buying boat insurance can help in case you are involved in any accidents while enjoying your boat. One of the questions that we are often asked at Allegiance Insurance Agency, serving the greater Richardson, TX area, is whether boat insurance covers only the policy holder or if someone can borrow the boat and be covered. Here is some information you need to know about boat insurance and covered drivers.
When you are purchasing a boat insurance policy, you will be asked who will be driving the boat. These are considered covered drivers. If you plan on letting anyone aside from you drive the boat, you will want to list their names here. If they are not listed under the covered drivers portion of your insurance policy, they are not covered under standard liability coverage boat policies. As such, it is extremely important that you list any individuals who may be borrowing your boat, including grown children, siblings, or other friends.
The exception to having to list each driver on a boat insurance policy is if you purchase umbrella coverage boat insurance. Umbrella coverage will cover any driver operating your boat as long as they are not specifically excluded from the policy. If you plan on letting people borrow your boat often, this type of insurance may better fit your needs, while insuring the boat is properly covered if it is involved in an accident.
If you are looking to purchase boat insurance in the greater Richardson, TX area, visit Allegiance Insurance Agency today. We can help answer any questions you may have and price out various boat insurance policies to help you find one that best meets your needs and fits within your budget.