Personal Watercraft Insurance

Personal watercraft are not generally covered by homeowners or auto insurance, and where they are, the coverage limits can be fairly low.

You may need to purchase a specifically designed policy in order to insure these vessels.

The personal watercraft insurance policy generally covers:

Typical policies include deductibles of $250 for property damage, $500 for theft and $1,000 for medical payments, although these may vary from company to company.

Liability limits start at $15,000 and can be increased to $300,000. This coverage will provide financial protection if your personal watercraft is involved in an accident.

Most policies also include water sports liability, which covers risks associated with activities such as waterskiing.

Consider buying an umbrella policy which will provide more liability protection. One million dollars in extra coverage costs about $300 a year and would extend to your home and auto insurance policies.

If you have several personal watercraft, you may qualify for a multi-boat discount on your insurance. Additional coverage can also be purchased for trailers and other accessories.

Be sure to speak with your personal watercraft insurance agent or company representative about your specific needs.