Is Jet Ski theft covered under Boat Insurance? - 1st Alliance ...

Jet Ski Insurance is different in some ways to other types of boat insurance. As with all insurance you should be aware of what is being quoted to you in the form of cover. Personal Watercraft (PWC) or Jet Skis are very popular and are often seen around the coast not only at weekends but also on summer evenings. With the increase of these craft being used there is also an increase in the number of accidents. Collisions between jet skis and other boats happens on a regular basis. Many PWC users are new to boating and because these craft are fast over the water there is little time to avoid obstacles in their way. This is why it is important to insure your jet ski.

There are basically two forms of insurance cover

1. Comprehensive which provides against accidental damage, vandalism, fire and theft. As well as third party liability.
2. The other is Third Party Liability which covers you if cause injury to other people or damage their property, for example their boat. Many places will not allow you to launch your Jet Ski, if you do not have at least $2,000,000 Third Party Liability Insurance.

Jet Ski insurance differs from other boat insurance with regard to its theft cover. PWC are fairly easily stolen if they are left unsecured. So most policies will require that your Jet Ski is always under lock and key when not in use. Your insurance quote would normally be a lot less if you state your Jet Ski is stored in a locked garage, for instance. Anywhere that is well away from the possibility of thieves is the best place to keep your PWC. Be clear as to what your policy covers, before you agree the cover.

Another difference with this type of cover is the need to list all the possible users of the Jet Ski. All will need to be at least 16 years of age and some policies may ask for a minimum level of experience or certificate of proficiency.

If you have an accident or your PWC is stolen or damaged it is necessary for the police to be informed of the incident. If a repair is required, at least one estimate is usually needed. Sometimes a Loss Adjuster or Surveyor will visit to assess the damage. So keep everything as it was at the time of the incident and do not be tempted to fix it yourself before the claim is settled. (Source)

Here at 1st Alliance we treat you like a member of our family, not just a number. We work for you. We have relationships with many top-rated companies, allowing you to?get the best combination of price, coverage and service from the wide choice of insurance plans and programs available to us. Call us today at 866-429-8705 for a Watercraft & Boat Insurance quote in Memphis.

Posted Wednesday, May 30 2012 10:05 AM
Tags : insurance, watercraft, boat, jet ski, personal watercraft, TN, Memphis

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