How to Buy Insurance for a Jet-Ski

Purchased a Jet Ski or other personal watercraft? Have you considered buying insurance for it? A personal watercraft requires extensive maintenance. You can insure yours with a personal watercraft policy. Usually such a policy would also cover your boat, yacht, and other similar equipment.

Difficulty: Moderately Easy

Instructions

1. Check out the personal watercraft coverage available under the insurance policy of "Foremost," available in all states except Florida. The coverage varies in each state depending on the location where you plan to use your craft.

2. Keep in mind that the standard policy includes coverage for physical damage only and provides liability coverage separately. You also can opt for stand-alone liability cover.

3. Evaluate if you will require other optional coverage. The optional coverage includes "uninsured watercrafts," "medical expenses," "towing" and "attached accessories."

4. Surf online before you hit the water and check out other Web sites offering similar insurance coverage. Talk with agents and shop for quotes.

5. Research if you qualify for discounts under any affiliations or memberships. Being a member of certain associations and sporting organizations can get you huge premium discounts.

Tips & Warnings

• Check your homeowners or renter’s policy. Your watercraft may already be covered under it.
• Live in a town located on your state’s border? Then you can save money on the premium by engaging in your water sport activity in your neighboring state.