Do You Need Insurance for Your Jet Ski or Personal Watercraft?

Your boat or jet ski can bring you great memories and experiences, especially in summer. Before you have fun, it’s important to make sure you have the appropriate coverage for your vessel. While jet skis and other personal watercraft can be on the smaller side, they can still be involved in costly accidents and incidents. Without sufficient coverage, you may have to face those losses out-of-pocket.  

What Is Boat Insurance?  

Boat insurance is a policy that covers many types of vessels, from motorboats and sailboats to personal watercraft like jet skis and other single-person vessels. You can generally customize your boat insurance policy to fit your midsize vessel and budget.  

Do I Need It?  

If you have a boat, jet ski or other watercraft, it’s usually worth insuring. These vessels can be expensive to repair or replace, and they can cause significant damage to others. Insufficient insurance could mean paying out of pocket after an accident.  

Additionally, if you finance your watercraft, the lender may have insurance requirements. Similarly, some marinas may require certain coverage before allowing you to use their docks.  

What Does Boat Insurance Cover?  

While details can vary by insurer, a boat insurance policy may offer the following coverages:  

• Hull coverage may help with repairs if your vehicle is damaged in a crash, regardless of fault. It may also help with losses from noncollision incidents, such as theft and weather-related events.  
• Third-party liability coverage may help manage other parties’ losses if you are at fault in an incident, such as striking another vessel or dock, or if you injure someone while operating your watercraft.  
• Uninsured/underinsured watercraft coverage may help if someone else with insufficient or no insurance is at fault for an accident.  
• Emergency assistance coverage may help in specific incidents, such as if your watercraft breaks down and you require assistance.  

Contact Us 

Before you hit the water with your jet ski or other personal watercraft, make sure you have the financial coverage you need in case of accidents or mishaps. The professionals at Carey Insurance LLC in Moncks Corner, SC can help you find a policy that fits your needs and budget. Contact us today for more information or a personalized quote.  

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.