Jet boat insurance

Jet boat insurance covers financial losses incurred as a direct result of the operation of the craft, against a premium. Jet boat insurance is a specialized service and needs to be assessed by an expert.

The ownership and operation of a jet boat involves risks beyond the obvious. You could be involved in an incident with another craft that is not insured. This should not leave you out in the cold without help to cover the liability. There could be valuable communication, fishing and personal effects on board that are subject to theft. You would not like to learn that your insurance does not cover the use and storage of your precious cargo on board. Sports activity may lead to injuries that require specialized and long-term medical care. Your friends, family, bystanders and you must all have access to all the diagnosis, treatment and therapies that apply to the accident. Breakdowns and mechanical failures are always possible even with a well-maintained jet boat. Boats may therefore have to be towed on water and on road as well, if they require to be moved to a service facility. You may not have cash to pay for such emergency services and would probably prefer a cashless service, even when another company has insured the towing vehicle. Environmental damage and hazards arising out of oil spills, is an important consideration and the task of removing and salvaging wreckage must be built into the policy.

Jet boat insurance must cover such exigencies and their consequences in large measure if not completely. The insurance agency should be present in all the territories where you plan to use the jet boat. Coverage should be to the extent of the purchase price, regardless of present cash value, though some owners may prefer present cash value coverage for older craft on which they do not wish to spend a large premium. Diminishing deductibles should be provided for as many claim free periods as applicable for the rate of such deductibles.

The lists of considerations that apply to jet boat insurance go well beyond the ambit and expertise of the general insurance agent and hence should be managed by a professional with a track record in the field of jet boat insurance.