What does a personal watercraft (PWC) insurance policy actually cover? This is a good question. Insurance is sometimes a vague and confusing world. Deductibles, co pays and other issues make insuring anything confusing. Hopefully, we can clear up what a common personal watercraft insurance policy will cover.
A personal watercraft (PWC) policy typically insures you against many common liability losses regardless of whether you operate it yourself or loan it to another person. In situations like these, you may be covered for things like damage to another craft or dock; bodily injury or death to another person due to your negligence; the negligence of another driver while using your watercraft, towed water skiers; wake boarders or knee boarders who are injured while attached to your watercraft; physical damage to the machinery, hull and equipment; an injury to you caused by an uninsured watercraft driver; and even towing assistance if you break down on the water.
Some things are NOT covered. These are important and you should ensure that you understand that these exclusions can cause you all kinds of headaches if accidents or theft occur. Exclusions to most insurance policies include a watercraft that has been customized to increase speed or performance, operation of a watercraft after dark, and operating a watercraft without a valid drivers license.
Because insurance needs differ depending on the type of watercraft you own, read the details in your policy to see what is covered and what is specifically excluded. This is something most people dont do and some will pay for this down the road. Dont let it happen to you.
While the official definition of a personal watercraft (PWC) varies from state to state, there are two common types: a standup and a sit-down. The stand-up type allows for one rider that either stands or kneels on the watercraft, as opposed to sits. Typical brands of stand-up watercrafts include Kawasaki and Yamaha. The sit-down types, which allow the rider to sit or stand, can usually carry 24 people and often have the ability to tow skiers and wake boarders. Sea-Doo and WaveRunner are two common brands of sitdown watercraft.
The bottom line is to remember to understand your personal watercraft (PWC) policy. If you have any questions or concerns, contact your insurance agent and get clarification. It could save you money in the long run.