As the weather gets nicer, you may be thinking about taking out your boat or other personal watercraft (PWC). Before you set sail, however, you should be sure that your insurance is up to date to protect your property. Because property damage accounts for nearly 98% of all insurance claims, be sure to contact an insurance agency that offers the best possible coverage for your boat or PWC. Below is some information about personal insurance options you should consider for your boat or PWC.

Did you know that boats can be insured in one of two ways: either through your homeowner’s policy or through a separate boat owner’s policy? Be sure to consult your insurance agent to learn more about the differences in these policies and how they work. Here is a brief overview:

Homeowner’s Policy

If you have an existing homeowner’s policy, it may cover damages to your boat if it is kept on the premises. It is important to have home insurance because these policies tend to offer more comprehensive coverage for both your home and assets, and protect against property damage, theft, natural disasters, and more.

Personal Boat Insurance

To ensure optimum coverage for your boat, you should have a separate boat owner’s policy. While your homeowner’s policy offers some protection for your boat, it may be limited and there are often exclusions to the coverage. Boat owner’s policies, however, provide additional personal property insurance to your boat and features such as liability and coverage for medical payments. Be sure to contact your insurance agency to learn more about what is covered on your policy.

Personal Watercraft (PWC)

PWCs are watercraft such as jet skis, sea-doos, and wave runners. These recreational watercrafts may be excluded from both your homeowner’s policy and boat owner’s policy. So how do you protect your PWC in the event of an accident, theft, or property damage? Separate PWC insurance will give you the additional coverage you need to protect both you and your vehicle, and the peace of mind that comes with knowing you are covered.

The best way to learn more about insurance for your boat or PWC is to contact your insurance agency. Contact Cole Harrison today to explore all the possible options for covering your boat or PWC through homeowner’s insurance, a boat owner’s policy, and PWC insurance.

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