Do You Need Special Insurance for Jet Skis and Small Watercraft?

Summer on nearby waterways is one of the best parts of living in Sherman, TX. If you own a Jet Ski, kayak or other small watercraft, you may be wondering whether your existing insurance covers you out on the lake or if you need something extra.

Is Insurance Required for Jet Skis and Small Watercraft?

Many states do not require jet ski or small watercraft owners to carry liability insurance by law. That said, many marinas and launch facilities require proof of coverage before allowing access. Additionally, if you are financing the purchase of your watercraft, your lender may require coverage until the loan is paid off. Beyond those requirements, going without coverage leaves you personally responsible for any damage or injuries you cause on the water. Additionally, you’d have to pay to repair or replace your watercraft out of pocket.

What Does Jet Ski and Small Watercraft Insurance Cover?

A dedicated watercraft policy typically covers many common incidents. Coverage can vary by policy, but many plans may include:

• Bodily injury liability—May help cover costs if you injure another person on the water
• Property damage liability—May help cover damage caused to other boats or docks
• Collision coverage—May help cover damage to your own watercraft after a crash
• Comprehensive coverage—May help cover theft, vandalism or weather-related damage

Check your policy for specifics on what is and is not included.

Who Should Consider This Coverage?

Anyone who owns or regularly operates a jet ski, personal watercraft, canoe, kayak or small motorboat should think seriously about standalone watercraft coverage. If you rent or borrow watercraft, a non-owner watercraft policy may also be worth exploring.

Get on the Water With Financial Security

AeroMex Insurance is dedicated to helping clients in Sherman, TX find the right watercraft and boat insurance solutions. Contact us today to discuss coverage options that fit how you use the water.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.