Four Quick Tips for Insuring Your Watercraft

Summer is the time of year when millions of Americans hit the waves for some fun in the sun.

Unfortunately, there is more than one way to get soaked if you aren’t up to date on the latest in watercraft insurance.

Following are some tips to help you get great rates on insurance for your boat or watercraft without sacrificing the protection needed to stay safe:

  1. Make a List of All Watercraft: That includes boats, Jet Skis or other similar devices. Include the age, condition and identification numbers of each.
  2. List All Drivers or Operators: It’s a good idea for all drivers to take a safety course to learn how to operate all personal watercraft and to verify that everyone has a valid driver’s license before allowing them to operate the craft even for a short period of time.
  3. Discuss Storage Issues: Depending upon location, type of security system and other factors, it is often possible to reduce the cost of insurance by maintaining the craft in a secure facility.
  4. Cover the Basics: Most policies cover physical damage to the craft, bodily injury, and damage to other people or property in the event of an accident, but that can leave plenty of out-of-pocket expenses. Ask your agent about towing assistance, wakeboarder or skiing coverage, and additional riders for customized crafts. Other common exclusions include boating after dark as well as extensive upgrades such as electronics or other personal property.