Is your summer toy insured? Many people are unaware of the importance of insuring their jet ski. Compiled is a step by step process on insuring your beloved summer toy:
1) Liability Insurance – This coverage will offer you financial security in the event that you or someone who is driving your jet ski is at fault in an accident. Bodily injury liability coverage will pay for any medical costs or lost wages of the injured person whereas property damage liability coverage will pay for damage to another watercraft or dock that you damage. Your liability coverage will also protect you from legal representation costs.
2) If you finance or lease a jet ski, get collision coverage.
3) If you want to protect your assets from a loss other than collision such as theft, vandalism, storm, fire, or falling objects, get comprehensive coverage.
4) You may want to consider adopting an uninsured or underinsured clause as well.
5) Get medical payment coverage if you want your medical bills to be paid for.
6) Before making any decisions, speak with your insurance provider.
Reta Insurance Agency has been providing Illinois residents with excellent insurance services for over 20 years. Contact us today and we can answer any and all of your questions regarding adopting a jet ski insurance policy.