What you'll discover in this report:
They are called pleasure boats or pleasure crafts, but, let's face it, sometimes they're a "pain." They are expensive, to say the least -- and potential danger comes with the pleasure.
They are, after your home(s) and maybe your car(s), possibly your most valued assets. You can choose to own and operate a personal watercraft without insurance (although some marinas and yacht clubs won't let you dock your craft unless you have coverage). However, that's not a very smart choice.
* Note. If you have a homeowner's insurance policy you may have some coverage for your watercraft but it is very, very minimal. A typical homeowners policy may pay up to $1,000 or $1500 to repair damage to your boat, but -- guess what? -- that damage has to occur while the boat is at your home. This is not exactly the kind of coverage you need on a watercraft. In addition, there may be some liability coverage, but it depends on the size of your engine --- normally only outboard engines of 25 hp or less.
You could gamble and not buy insurance for your watercraft, but that's a big gamble. You're risking not only losing or severely damaging the boat in an accident, but possibly your other assets if your boat causes damage and/or injuries to other boats and/or boaters.
First, you need to know that there are three types of "pleasure boats/crafts".
Your policy should include coverage for injuries to you and your passengers, the craft itself, liability (for damage and injuries to other crafts and people) and theft. You can also get coverage for the trailer(s) you use to transport the watercraft.
Call 1-877-267-8100 and let the Northwest Insurance professionals get you covered while having fun in the sun.
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