Boating is all about the social experience. However, because it often involves a lot of people, that only increases the need for boat insurance. Depending on how you plan to entertain on the boat, you might need special types of insurance coverage. Namely, you might need guest passenger liability insurance. How does this coverage work?
With a guest passenger liability element on your coverage, you'll be able to get additional protection in the event you ever step away from the helm and let someone else take control.
Understanding Liability Coverage
Nearly all boat insurance policies will offer liability insurance. This is coverage that will insure the policyholder in the event they are at-fault for a wreck that involves other parties. Because they caused the wreck, the policyholder might have to pay for the property damage or bodily injuries of others.
So, if your boat hits another boat, and the accident was your fault, then it might be your responsibility to pay for the repairs of the other vessel. You might also have to compensate those injured in the wreck.
However, by carrying liability insurance in your boat's name, you — as the boat's owner — usually are the party primarily insured by the policy. You might need to double check to see if anyone else can operate the vessel and still have coverage against their own operating liabilities. In these cases, you might need guest passenger liability insurance.
The Importance Of This Coverage
Ask your Busha-Okeson Insurance agent if your policy will contain guest passenger liability insurance. Policies will extend liability coverage to situations where you let a guest command your vessel. Usually, you must grant permission for the passenger to do so for this coverage to take effect.
With this coverage, you'll know that you and your passengers have protection if someone else ever takes the wheel. If the guest causes a collision with another vessel, your policy will cover the person's legal expenses, while still compensating others for their losses. Because this coverage is still on your policy, it will better ensure that you, as the primary operator, still can address the mistakes of others caused by your vessel.
Keep in mind, this coverage won't apply to the harm that comes to your own boat or your passengers when accidents occur. Therefore, you might need medical payments coverage to cover the injuries your guests sustain in the event they get hurt in an accident. Talk to one of our agents to determine the right course of action to insure your vessel.