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Murphy Insurance2019-04-09 09:00:032024-07-23 15:07:14Is the Protection You Have for Your Watercraft Underwater?Water recreation is growing in popularity. If you’re own a boat or watercraft, it’s important to remember that not all boaters and watercraft users are as responsible and safety-conscious as you are. With many unregistered boaters on the water, having the right insurance protection is crucial to protect you, your passengers, and your watercraft.
What’s Covered with Boat Insurance
What you need and specific coverage varies depending on the type of boat you own. Your policy will provide details of coverage; however, a boat insurance policy commonly protects you for:
- Accidents causing physical damage to the boat and, in most cases, trailers, are caused by storms, collisions, fires, sinking, capsizing, stranding, explosions, or theft. This includes the attached equipment, as well as anchors, oars, dinghies, electric motors, extra fuel tanks, tools, canopies, seat cushions, and life preservers.
- Damage caused by vandalism or malicious mischief.
- Medical payments for injuries to the boat owner and other passengers.
- Liability and legal defense costs resulting from your ownership, maintenance, use, loading or unloading of your boat, including:
- Bodily injury or death to another person
- Property damage caused to someone else’s property, including other watercraft or docks
- Guest passenger liability for any legal expenses incurred by someone using the boat with the owner’s permission
- Theft
Optional Coverage For Better Protection
A basic boat policy only covers some situations. Be sure you have protection that covers the following:
- Accidents with Uninsured Watercraft
- Personal Property that you keep onboard
- Fishing Equipment
- Emergency Service
- Removal
For more information Contact Us or complete a Boat Insurance Quote request to get the process started now.
Personal Watercraft Insurance
Personal Watercraft Insurance (PWC insurance) is insurance coverage designed to protect owners of personal watercraft, such as Jet Skis, WaveRunners, or Sea-Doos, from financial losses resulting from accidents, damage, or liability claims while operating their watercraft. PWC insurance provides coverage for both the watercraft itself and the owner or operator in the event of accidents, injuries, or property damage on the water.
Key aspects of Personal Watercraft Insurance include:
- Liability Coverage: Personal Watercraft Insurance typically includes liability coverage, which protects the owner or operator of the watercraft from financial responsibility for injuries or property damage caused to others while operating the PWC. This coverage may include bodily injury liability and property damage liability.
- Collision Coverage: PWC insurance covers damage to the watercraft resulting from collisions with other vessels, submerged objects, docks, or obstacles. Collision coverage helps pay for repairs or replacement of the PWC in an accident.
- Comprehensive Coverage: Comprehensive coverage protects the PWC from non-collision-related risks, such as theft, vandalism, fire, or weather-related damage. This coverage helps pay for repairs or replacement of the watercraft if it is damaged or stolen while not in use.
- Medical Payment Coverage: Personal Watercraft Insurance may include medical payment coverage, which provides reimbursement for medical expenses incurred by the owner, operator, or passengers of the PWC in the event of injuries sustained in an accident. This coverage typically applies regardless of fault.
- Uninsured/Underinsured Boater Coverage: Some PWC insurance policies offer uninsured or underinsured boater coverage, which protects the watercraft owner or operator if they are involved in an accident with another boater who lacks sufficient insurance coverage to pay for damages.
- Towing and Assistance: Personal Watercraft Insurance may include towing and emergency assistance coverage if the PWC becomes disabled on the water due to mechanical breakdown, fuel shortage, or other covered reasons.
Personal Watercraft Insurance is essential for Jet Skis, WaveRunners, and similar watercraft owners to protect themselves and their assets from financial losses resulting from accidents, injuries, or property damage on the water. By obtaining PWC insurance coverage, owners can enjoy peace of mind knowing they are financially protected while enjoying recreational activities on the water.
Read Our Boat Insurance Blog Posts
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Murphy Insurance2019-04-09 09:00:032024-07-23 15:07:14Is the Protection You Have for Your Watercraft Underwater?