Watercraft Insurance

Watercraft insurance covers your boat or jet-ski in cases of vandalism, theft, capsizing, collisions or explosions. This type of insurance also usually covers transport equipment for the watercraft like the trailer.

The least expensive but most important type of watercraft insurance available is liability insurance. Watercraft like motorboats and jet-skis are a lot of fun, but can be dangerous to those who operate them and to other people in the water. Should you accidentally run over a swimmer you will be liable for the injuries that you caused. Not having liability cover could be a disaster should a court case follow and you are found responsible for the accident. This type of incident could bankrupt you and your family.

You will probably need to take out comprehensive insurance if your watercraft is financed. Comprehensive insurance should provide financial cover associated with damage and losses to the craft and provide some form of liability protection.

When purchasing your boat or jet-ski consider the financial impact of possible losses using the craft might cause.