Do I need Watercraft Insurance?

When you are enjoying those sunny summer days out on the water, liability issues are most likely the last thing on your mind.

However, it’s important to keep in mind that whether you are an avid boater, love to spend lazy days on your yacht or catamaran, or even just enjoy a quick zip along the shore on your Jet Ski, every time you your leave land, your place yourself at risk. Rather than end your water excursion short, take a moment to learn about the basic coverages that can help protect you and your water toys right now.

There are two standard sections of a typical boat or watercraft insurance policy—physical damage and liability. Typically your physical damage coverage will protect against accidental loss or damage to the watercraft and its machinery. In regards to your boat, this type of insurance would commonly cover not only the hulls and the engine but additionally will provide coverage for the sails and any other necessary operating equipment.

The liability portion of your watercraft coverage is just as crucial—it covers your legal obligations to third parties in the event of an unfortunate accident. Legal liability issues can result from a variety of occurrences including injury or loss of life and damage to someone else’s property. Watercraft liability insurance helps you mediate the cost of legal defense, if you are sued as a result of a liability issue that is covered under your boat insurance policy.

So as a boater, how can you reduce your risks while still enjoying what you love? Make safety your number one priority:

  • Make lifejackets a must—especially for those under the age of 16
  • Be aware of your surroundings, be on the lookout for other boaters, those on Jet Skis & nearby swimmers
  • Be respectful, don’t make unnecessary waves close to the shoreline—many novice boaters and Jet Ski riders have been inured because they lost control in choppy water
  • Do not operate your boat or personal watercraft under the influence of alcohol or other drugs
  • Always be aware of the safety features available on your watercraft—make use of any engine-stop accessories provided, especially on Jet Skis

Have additional water safety tips? We’d love to hear from you! Feel free to contact Dagley Insurance & Financial Services with any questions or comments.

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