Owning a boat can be the realization of a lifelong dream. But once you have your keys in hand, you may begin to wonder about the best way to protect your new investment.
Do I Need Personal Watercraft Insurance?
If you would like to protect the investment you just made, and have coverage in the case of an accident, personal watercraft insurance is a must. While your homeowner’s insurance policy may afford a small amount of coverage for your boat, it probably falls short of covering even the smallest amount of damage that could be sustained in an accident.
What Will Personal Watercraft Insurance Cover?
Personal Watercraft Liability Insurance offers coverage for most liability losses, whether you are operating the boat or if someone else is. The types of situations that are typically covered are:
- Accidental damage to a dock or another boat
- Injury or death caused by an accident
- Accidents or damage that occurs when someone else is using your boat
- Injury caused by towing water skiers or wakeboarders
- Physical damage to your boat, including the hull, equipment and machinery
- Damage or injury caused by an uninsured watercraft/operator
- Towing assistance
For peace of mind while operating your boat, and to protect your family against monetary loss, contact your trusted insurance professional today to find a personal watercraft policy that is right for you.