There’s nothing quite like the thrill of riding a jet ski, feeling the wind in your hair and the spray of the water on your face. But before you hit the waves, it’s important to make sure that you have the proper insurance coverage to protect yourself and your jet ski. In this article, we’ll explore everything you need to know about jet ski insurance, including the advantages of having coverage, the cost of insurance, and the different types of coverage available.
Advantages of Insuring Your Jet Ski
Insurance is not required for jet skis in the state of Florida, but it’s recommended for financial protection. There are many advantages to having your jet ski insured, including:
- Financial protection: Insuring your jet ski protects you against costly damages and legal fees in case of an accident.
- Peace of mind: Having insurance coverage can provide peace of mind and allow you to fully enjoy the thrill of the jet ski experience.
- Comprehensive coverage: Comprehensive insurance covers things like theft, damage to your jet ski while it’s being transported, and personal effects coverage for your gear and equipment.
- Customizable coverage: Jet ski insurance can be customized to meet your unique needs and budget.
Risks of Not Insuring Your Jet Ski
If you choose not to have insurance on your jet ski, you’ll be responsible for any damages or legal fees in case of an accident. This can be a costly and stressful experience, and can quickly drain your bank account. Not having insurance can also limit your ability to use your jet ski in certain locations or for certain activities, since some areas or events may require proof of insurance.
Insuring Your Jet Ski in Florida
While jet ski insurance may not be required in Florida, it’s recommended for your financial protection. If you own a jet ski in Florida, you have the option to purchase liability insurance, which provides coverage for damages or injuries you may cause to others while operating your jet ski.
In addition to liability insurance, there are other types of coverage available for jet ski owners in Florida, such as collision coverage, which provides protection for damages to your jet ski caused by a collision with another object or watercraft, and comprehensive coverage, which provides protection for non-collision damages such as theft, fire, or vandalism.
How Much is Jet Ski Insurance?
The cost of jet ski insurance in Florida can vary depending on a number of factors, including the value of the jet ski, the coverage options selected, and the insurance company you choose. Investopedia provides an estimated cost for jet ski insurance coverage, with liability coverage averaging between $85 to $100 annually, while comprehensive coverage can cost $500 or more per year.
Jet Ski Insurance vs. Boat Insurance Coverage
While insuring your jet ski and boat are similar, there are some key differences to consider. Jet ski insurance typically provides more comprehensive coverage than boat insurance, since jet skis are smaller and more prone to accidents. Jet ski insurance also allows you to customize your coverage options to fit your unique needs and budget.
If you own both a jet ski and a boat, you may be able to bundle your insurance policies for both watercraft with the same provider, which can help you save money on your premiums.
To read more about boat insurance in Florida, check out this blog which details legal requirements, the benefits of boat insurance, and associated costs.
Additional Insurance Coverage
There are other types of additional insurance coverage you may want to consider as a jet ski owner. One of these is Seadoo insurance, which provides specialized coverage for Seadoo watercraft. Seadoo insurance typically includes coverage for things like damage to the hull, liability coverage for accidents involving your Seadoo, and coverage for your personal watercraft trailer.
Another option to consider is personal watercraft liability insurance. This type of insurance provides liability coverage for all of your personal watercraft, including jet skis, Seadoos, and other types of watercraft. With personal watercraft liability insurance, you can get coverage for things like property damage, bodily injury, and legal fees in case of an accident.
Talk to Our Agents
If you own a jet ski or other type of watercraft, it’s important to make sure that you have the proper insurance coverage to protect yourself and your investment. Contact us to get personalized recommendations for jet ski insurance in Florida. We will find the right coverage that fits your unique needs and budget. With over 30 years of experience in the insurance industry, the team at Reliant Insurance Services can help you get the right type of insurance coverage for your jet ski.