Watercraft insurance is an umbrella term for three types of insurance. Including, boat insurance, yacht insurance, and personal watercraft insurance. In fact, WaveRunner, Jet Ski, and Sea-Doo are just a few names of these inboard engine craft that watersports enthusiasts call PWCs, or personal watercrafts.
In addition, this insurance policy protects against damages to vessels powered by a motor that has a horsepower of at least 25 miles per hour (mph).
Coverage Limits
Well, the most important part that’s covered is you! And, a personal watercraft insurance policy typically insures you against many common liability losses, regardless of whether you operate it yourself or loan it to another person.
Also, home and auto insurance policies may only provide limited coverage for personal watercraft. Remember, always talk to your insurance representative about coverage limits.
And, you may want to consider purchasing a personal watercraft policy to protect you and your water vehicle in the event of an accident.
Remember, the personal watercraft policy covers:
- Bodily injury
- Property damage
- Guest passenger liability
- Medical payments
- And, theft
Along with this, liability limits start at $15,000 and can increase to $300,000. In fact, typical policies include deductibles of $250 for property damage, $500 for theft and $1,000 for medical payments.
Also, you can purchase additional coverage for trailers and other accessories. Remember, we’re here to help you figure out the type of coverage that would best suit your needs.
Insurance coverages to consider:
- Liability
- Physical damage
- Theft
- Medical payments
- Motor coverage
- Trailer coverage
- Boat covers
- Docking fenders
- Communications devices
In addition, although watercraft insurance isn’t required in many states, many boat owners choose to purchase it anyway. Remember, you cannot add PWC to an existing boat insurance policy. In fact, PWC will need its own insurance policy. And, you can get a watercraft insurance quote today!
Also, since every boat is unique please make sure you check with us to see if you need any additional coverages or would be eligible for additional discounts. Contact a member of our team for all your questions and concerns.
