Jet skis often fall into the "recreational vehicle" category instead of being seen as a boat, leading many to wonder if you need watercraft insurance for jet skis. Is it legally required? We’ll cover the basics you need to know to ensure tranquility.
Legal Requirements
Most states do not require jet ski owners to have insurance. Texas does not require boat insurance or personal watercraft insurance, such as for jet skis. However, many lenders require insurance if you finance a jet ski, so discussing this requirement before financing one is essential. Lenders may be able to repossess your jet ski if there’s a lapse in coverage. Many people recommend watercraft insurance, even if it is not legally required.
Protection
Jet ski insurance is recommended to give owners peace of mind. Some marinas require insurance from a company like Boss Insurance Agency, so finding somewhere to park your jet ski will be easy. Insurance can also cover medical bills if there’s an accident, ensuring you aren’t financially responsible for thousands in medical bills. Many insurance plans also cover property damage in the event of an accident.
Levels of Coverage
Insurance companies in Kingwood, TX, often offer various levels of coverage, including liability, comprehensive, and collision coverage. These policies work similarly to car insurance. Liability insurance usually covers damage to the other person’s property and medical bills, but it does not cover your own. Comprehensive coverage may cover things like theft and natural disasters. Many opt for full coverage to ensure their jet ski is always covered.
However, it’s crucial to speak with an agent at Boss Insurance Agency to ensure your vehicle is covered, especially if you live in an area prone to natural disasters, such as hurricanes. Our experienced representatives will help you find the perfect coverage to meet your needs. We’re currently serving the Kingwood, TX, area.
