You love boating. You own a boat and you use it frequently. Now, it is time to upgrade and you are thinking about adding a jet ski to your assets. That could help to make your boating experience that much more enjoyable.
Boat insurance rates come from the amount of risk a boat presents. And, jet skis will likely increase that risk level. How can you be sure you have enough coverage to minimize any financial risk you face when buying jet skis?
How to Insure Your Jet Skis
Personal watercraft insurance provides financial protection for assets such as jet skis. This is a type of boat insurance, but it is more specific to cover items that are often used off the boat in the water.
These policies are usually customized to the individual needs you have. More specifically, they often customize to the type of jet ski that you plan to buy. For example, there are stand-up options where one rider will stand or kneel on the watercraft. On the other hand, there are sit-down types that allow two to four people to use them at one time. What type you own will play a difference in the amount and type of insurance you need.
Once you determine the type of watercraft and the engine size it has (the higher the engine size, the more powerful it is, and the more dangerous it can be), the next step is to get the right type of insurance in place. If you already have a boat insurance or marine insurance policy, you may be able to simply add this coverage to it. Doing this can be valuable and important since it can help you to save money overall. Bundling the policies and assets together generally will reduce your costs.
You’ll need a customized policy that reflects your new asset based on its value and features. Adding a jet ski to your boat insurance is possible, as long as your policy can reflect the specific features you need. It should also have the amount of coverage that is going to keep you safe and financially protected.
If you have questions about adding your jet ski to your boat insurance policy, call us today!