If you carry boat insurance and you want to make sure that others are covered when they are borrowing it, you should speak to your agent to make sure your coverage is going to be adequate. In most cases, your state will have its own individual regulations about insurance for your boat, but policy structures are fairly similar no matter where you live.
If someone who lives in your home, which would typically include your spouse and your children, is borrowing the boat, then they will usually cover under your own boat policy. However, this does apply only to immediate family. Thus, your second cousin who lives with you will not be covered under the policy in most cases.
When buying boat insurance, you need to discuss the policy in detail with your insurer to make sure exactly what people will be covered by the policy. In general, the "immediate family" rule will apply, but every policy and every insurer does have their own distinctions and rules.
Don’t take a chance on being without the proper coverage for those times you loan out your boat. To make sure anyone who drives it is covered, you can talk to one of our agents. We’re happy to provide you with multiple quotes from some of the top companies in the insurance field today, free of charge!
