Boat Insurance

Jet Ski Rental Operations Require Insurance Solutions

On America’s lakes and other waterways, jet skis are one of the most popular rentals. While opening a rental business can be lucrative and fulfilling, it also has risk exposures that you have to be prepared for. Part of your preparation should be to invest in insurance for jet ski rental business.

Personal Watercraft Risks

Once the jet ski is in the hands of the renter, you do not have control. While most renters will return the jet skis undamaged, you do have to take into consideration that some renters will be reckless or negligent with your equipment. The biggest risk to your watercraft is an accident involving another vehicle on the water.

Personal Watercraft Rental Protection

To protect your watercraft, there are a variety of coverages, including:

  • Physical damage: After an accident, your jet ski or rental property may be damaged or totaled. Property damage coverage is to pay for the repairs or replacement of your jet ski.
  • Third-party liability for property damage: If the renter crashes the jet ski into someone else’s property and causes damage, you are liable. This type of coverage is for the physical damage to someone else’s property.
  • Third-party liability for bodily injury: If the renter is involved in an accident and it results in the bodily injury of another party, you are liable. This coverage helps pay for the legal costs associated with a lawsuit.

When it comes to your jet ski rental business, your ultimate protection will come in the form of your insurance coverage.

Boat Insurance

The Basics of Boat Insurance

When you choose an insurance policy, you decide how much coverage you need and what types fit your unique requirements. TheĀ best boat insurance covers two primary risk areas, physical damage, and liability.

What Does Boat Insurance Cover?

Many variables affect the compensation you receive for a claim, such as your deductible amount, limits and replacement terms. Your policy may cover the following:

  • Comprehensive: This protects you if someone steals, damages or vandalizes your vessel.
  • Property liability:This covers the costs of repairs for damage you cause to other vessels, docks or buildings.
  • Collision coverage: This helps pay for the cost of replacing or repairing your ship in the event of a crash.
  • Bodily injury: If you injure a person in an accident involving your boat, this protection mitigates the cost of legal expenses, lost income and medical bills.
  • Additional options: There are various extensions available to include in your policy, depending on your needs. You can add protections to cover accidents caused by uninsured individuals.

How Much Coverage Do You Need?

The amount of insurance you obtain for your vessel depends on its size, age and value. Consider how you use your watercraft, as that will affect the type of policies you require. For instance, fast speed boats should obtain more liability.

To find the best boat insurance, contact an experienced agency that can help you choose the policy you need to ensure peace of mind before you set sail.

Boat Insurance Insurance Coverage

Insurance Considerations for Liveaboard Boaters

You are finally doing it; you’re realizing your dream and making the move from sticks-and-bricks to hull-and-deck living. Even if you have years of operating a boat for leisure, there are a few unique issues involved when deciding to make your boat your dwelling. Liveaboard boat insurance cost considerations are an important factor for people who choose to live either full time or for a significant portion of the year on their vessel.

The Impacts of Travel on Coverage

The extent you intend to travel plays a role in the types and levels of coverage you will need. For instance, staying docked for much of the year has a different risk profile than being out in open waters for long stretches of time. For those who opt to live and travel seasonally, it is important to acquire a policy that provides appropriate coverage for the times you are aboard versus onshore.

The Impacts of Location on Coverage

Another important element in determining policy costs is location. If you plan to stay in warmer climates year-round, you will not run into the same weather exposures and vulnerabilities experienced in cold weather climates. Likewise, additional protections will be needed if you intend to travel in international waters and dock in foreign countries.

Living aboard your boat can be an amazing experience, providing you with plenty of adventure while reducing your cost-of-living expenses. Making the right insurance decisions ensures you are adequately protected when you move aboard and allows you to live your dream.

Boat Insurance

The Importance of an Insurance Plan for Boat Builders

Boats and yachts must be expertly constructed to meet the demands of sailing and withstand the harsh conditions of the sea. As design and construction standards increase, the process becomes riskier and more complex. The manufacturers of these vessels not only continue to improve their materials and techniques but also their insurance coverage. Learn more about why boat and yacht builders rely on insurance plans specially designed for their industry.

Preparing for Any Situation

Boating may be a relaxing, peaceful experience for their operators, but the seas, lakes and other bodies of water present dangers that ship designers and builders must consider, such as rock formations, animals and weather. Additionally, there are other factors that should be covered, including the construction of the vessel, injuries, boatyards and more. You can choose an inclusive plan or one that simply covers selected issues.

Coverage Areas

According to, insurance plans for boat and yacht builders tend to cover three major areas, such as:

Liability coverage, which includes general, repairers and operators
Property coverage, which encompasses business property, builder’s risk, crime and more
Employee coverage, which mainly consists of workers’ compensation and the Longshore and Harbor Workers Act

Just as yacht manufacturers use their talents to construct a well-crafted vehicle, they also take the steps to protect it during and after construction. A detailed insurance plan will consider nearly every scenario and protect the builders.