Boats, Pontoons, Jet Skis
Bodily Injury Liability
This insurance pays for physical harm in the event of an accident. This does not cover medical expenses for the driver, but it does cover medical expenses for passengers and the other driver who was hit. Typical coverage limits are $100,000 per person/$300,000 per accident.
Property Damage Liability
This insurance covers the cost of damages to someone else’s property after an accident you cause. Most commonly, your property damage will pay out when you are at fault for an accident that causes damage to someone else’s car. The typical limit is $100,000 per accident.
Coverage protects you, your resident relatives, and occupants of an insured watercraft if any of these insured sustain bodily injury, including any resulting death, in an accident caused by the owner or operator of a watercraft that does not have insurance (Uninsured) to cover your damages.
Medical Payments Coverage
Pays certain medical and funeral expenses resulting from a watercraft accident. This coverage protects anyone occupying, or water-skiing off of, your watercraft. These benefits are payable without regard to fault.
Physical Damage Coverage
Can be covered in several different ways, depending on the company. The most common is Actual Cash Value pays the lesser of the actual cash value at the time of loss less deductible or the market value you provided for the watercraft. Actual Cash Value is determined by the market value, age, and condition of the watercraft at the time of the loss. Agreed Value pays in the event of a total loss, the agreed value shown on the declarations page regardless of the actual cash value at the time of loss. Total Loss Coverage pays in the event of a total loss, the MSRP of a current model year PWC of the same make and model. These coverages vary by company.
Replacement Cost Personal Effects
This is an optional coverage which pays for the loss of, or damage to, personal property while in or on an insured watercraft. It may include items such as: binoculars, cameras, CD players, cellular telephones, clothing, coolers, portable radios, scuba equipment, sunglasses, etc. This type of coverage varies by company.
Covers damages from events that are not caused by a watercraft striking into something else. Some common examples are Natural disasters: storms, tornadoes, hurricanes, earthquakes, and hailstorms; Fire, civil commotions, explosions; Vandalism and theft; Broken or shattered windows and windshields; Falling objects (such as a tree branch).
Whether your watercraft is involved in a crash with another watercraft or rammed into a fixed structure, you can rely on collision insurance to offer you coverage. A few examples of crashes that would be covered by collision insurance: Crash into another watercraft, or another watercraft crashes into your docked watercraft; striking a stationary object, such as a tree, dock, or rock; if you can’t use uninsured boater coverage.
Other Coverages Offered
• Wreckage Removal Coverage
• 24-hour Roadside Assistance Coverage
• Disappearing Deductibles