wning and enjoying a boat are among life’s great pleasures.
Boating can be a real stress-buster, but only if you have the right insurance in place.
A personal watercraft policy is similar to auto insurance in that both cover moving motor vehicles.
With personal watercraft policy coverage (PWC), you can insure any size of craft from an angler boat to a yacht, giving you total peace of mind.
Here’s how it works:
Liability Coverage will pay for accidents if you are deemed to be legally liable. This will also be your limit of coverage if you are sued for an at-fault accident. Medical payments will help pay for medical or death expenses.
Agreed Value means you and your insurance carrier agree on the value of your boat. In a total loss, you will get that amount to replace it. If this option is offered, take it!
Property Coverage is similar to Comp and Collision on your auto policy and will pay to repair or replace your boat in case of damage. You also may be able to get Contents coverage for trailers, sporting equipment or belongings kept in the boat.
Pollution Coverage is helpful if you have a fuel leak that contaminates the water. Some carriers offer up to $500,000 in limits.
There are many insurance carriers that offer PWC, and your local insurance agent will have the resources to shop around for the best policy at the best price for your needs.