Personal watercraft insurance is for your recreational toys like Jet Ski’s, WaveRunners and mini jet boats less than 18 feet in length. PWC insurance we offer has low deductibles and is not limited to a location and is different from typical boat insurance.
Our boat insurance rates will vary based upon the type of vessel and the coverage options you choose. Roadside assistance for boats often provides for towing when transporting your boat over land. And obviously, On-Water towing coverage is important when you break down while in the bay, lake or in the ocean. The primary types of vessels we cover is fishing boat insurance for the sports fisherman with expensive gear, sailboat coverage and the more typical marine insurance for the recreational boater along the Jersey shore.
We also offer a more comprehensive yacht insurance that may demand additional premiums for expensive personal property, medical payments, commercial towing, fuel spill protection, wreckage removals and of course…the dinghy.
Give us a call to find out about the many discounts that are available such as: Coast Guard courses, safety equipment and multi-policy credits.
Why do you need insurance for your boat or personal watercraft?
You'll enjoy the water even more when you're not worried about the safety of yourself, your passengers or your investment. Here are a few things to consider:
- If you're in an accident or your watercraft is stolen, it costs money, often a lot of money, to fix or replace it.
- If you or any passengers are injured in an accident, medical costs can be extremely expensive.
- If your watercraft is responsible for damage or injury to others, you may be sued for much more than you're worth.
- Your watercraft also needs protection when it's on land. Accidents can happen while towing a watercraft.
Things to consider and questions to ask your agent.
Here are a few things to consider as you prepare for the discussion:
- How much can you afford to pay if your boat or personal watercraft is in an accident, damaged or stolen?
- Is my boat or watercraft covered for use year-round?
- What discounts and programs are available?
- How much medical insurance and liability coverage is enough?
- Do I have coverage if I need to have my boat towed in an emergency?
- What's the process for filing and settling a claim?
- Does the insurance company have a good reputation for customer service? Is it known for paying claims fairly and promptly?
Home and auto insurance policies may provide limited coverage for personal watercraft. Talk to your insurance representative about coverage limits. You may want to consider purchasing a personal watercraft policy to protect yourself and your water vehicle in the event of an accident.
The personal watercraft policy covers:
- bodily injury
- property damage
- guest passenger liability
- medical payments
- theft
Liability limits start at $15,000 and can be increased to $300,000.
Typical policies include deductibles of $250 for property damage, $500 for theft and $1,000 for medical payments.
Additional coverage can also be purchased for trailers and other accessories.
You should talk to your insurance representative about the type of coverage that would best suit your needs.
