Generally, there is limited coverage for property damage for small boats with less than 25 per hour horse power under your homeowners or renters policy. Coverage is normally $1,000 or 10% of property coverage. It is always in your best interest to check with your insurance representative to find out if your boat is covered and what the actual limits are.
Other boats will require you to purchase separate insurance.
You may have limited coverage through your home and auto insurance policies but it is always best to check with your insurance agent. In the event of an accident, you want to make sure you are covered.
The personal watercraft policy covers:
- bodily injury
- property damage
- guest passenger liability
- medical payments
Liability limits are between $15,000 and $300,000. There are deductibles of $250 for property damage, $500 for theft and $1,000 for medical payments.
You can also purchase additional coverage for trailers and other accessories. Please contact your agent about the type of coverage that would best suit your needs.
Insurance coverages to consider:
- Physical Damage
- Medical Payments
- Motor Coverage
- Trailer Coverage
- Boat Covers
- Docking Fenders
- Communications Devices