Personal watercraft (also known as a Jet Ski, Waverunner & Sea-Doo) offers hours of adrenaline-inspired fun and excitement on the water. A PWC rider appreciates the importance of safety on the water, yet it is also vital to consider the financial obligations to guarantee a jet ski is protected against unforeseen hazards. Jet Ski insurance can help protect against damage, theft, or vandalism – bodily injury to a rider or third party – medical cost resulting from an accident.
It is a mistaken belief that a medium-sized craft or PWC is protected against loss, damages, or liability under an individual’s home insurance plan – that is not often the case, a specialized policy is required to have a sufficient level of protection in place. Before hitting the waters on a PWC, a customized watercraft insurance plan is a sensible investment. If a home insurance plan does come with a degree of coverage for recreational vehicles, than this is often restricted to the basic liability coverage only.
Jet Ski Insurance Rates
In most cases, a jet ski insurance quote is available at a affordable rate, with the minimal level of coverage costing in the region of $125 per year – although rates are dependent on several different factors. Such as those relating to type and class of PWC to insure, cruising waters, use (private use only or include water sports), storage location, period in use, and personal info (age, experience, claim history, etc.) Once details are provided direct to an insurer or broker, it is possible to obtain a competitive Jet Ski insurance quote in a matter of minutes.
Coverage in Place
Whether a PWC is out on the open water, dry-docked on moorings or ashore, or trailed on the highway, it is essential to be aware of what’s covered in the event of a loss. Personal watercraft insurance is designed to cover, among other circumstances and events:
- Physical Damage
- Towing Assistance
- Protection while on Land
- Damage to Crafts and Docks
- Fuel Spill Liability
- Roadside Assistance
- Sporting Liability
- Wreckage Removal Coverage
- Medical Costs
- Negligence of other Drivers
Do You Have to Have Insurance on a Jet Ski?
PWC insurance isn’t compulsory in all states – it’s often best to check local state information to establish the requirements of insurance – a lot of states will require a minimum of liability insurance to use on jet ski on there waters. It might also be necessary to put place underinsured or uninsured PWC insurance. A late model PWC can represent a major investment, so it is often worthwhile investing a small sum to protect it and those using it.
Prior to purchasing valid Jet Ski cover, its important to read the policy terms, conditions, and exclusions noted in the policy document – for instance, in most, if not all policies, a claim wouldn’t be possible if a PWC is ridden at night or a rider is without a official driver’s license.
Avoid ‘one size fits all’ policies, as the coverage, deductibles, and premiums often differ widely depending on an individuals own personal requirements. Its often more beneficial to contact one of the dedicated marine insurers (rather than those that dabble in all-types of insurance policies), such as BoatUS, SkiSafe, and United Marine for instance – as these insurers are more likely to put forward a tailored insurance plan at a price that is highly affordable.
In addition, if taking on the ownership of an aged, seized, confiscated or repossessed boat or Jet Ski this often has an affect on the insurance so it will be necessary to contact a insurer to determine their particular views on this matter.
Potential Discounts – Jet Ski Insurance Rates
Some of the discounts offered by the main insurance companies consist of – multi-vehicle policies, claims-free history, responsible rider, complete safety course, paid in full, idle assisted steering, and original owner.
All in all, obtaining a customized jet ski insurance quotation is the first step to sensible PWC ownership, guaranteeing a jet ski and other’s injuries and properties are protected at all times.