| One of the things that is important to understand is | | | | Navigational coverage is generally not optional and in |
| what type of coverage is available for watercraft. | | | | most locations covers for up to 75 miles from the US |
| Your insurance agent should be able to help you | | | | coastline. Additional coverage may be available |
| understand the types of policies that work best for | | | | depending on your geographic area (California, Florida |
| the type of watercraft you have. Here are some of | | | | and Oregon for examples). |
| the features you may be offered: | | | | Fuel Spill Liability and Wreckage Removal - you may |
| New Boat Price Protection - this is an optional policy | | | | be found responsible for remediation procedures if |
| offered by many watercraft insurers. Like your | | | | your watercraft is damaged to a point where it spills |
| automobile, your boat begins depreciating the day | | | | fuel and leaves wreckage in a body of water. This |
| you purchase it. This coverage applies typically to | | | | type of insurance can help minimize your liability. |
| boats that are less than two (2) years old and can | | | | Watercraft must be insured against these and other |
| help replace your boat with a boat with duplicate | | | | things. Watercraft includes anything with a motor |
| features regardless of cost of replacement. | | | | that will be placed into bodies of water. Jet skis and |
| Liability - there is always a possibility of an accident | | | | power boats that are in accidents can cause |
| involving another watercraft. Liability insurance helps | | | | property damage as well as bodily injury. Make sure |
| you cover damage when you are at fault during a | | | | that you are covered for this type of potential |
| watercraft accident. This coverage can help pay for | | | | liability. |
| repairs, lost wages, medical care etc. This coverage is | | | | You have invested a great deal of money into your |
| generally available in increments as auto insurance is. | | | | watercraft; protect your investment so that your |
| Navigational Area Coverage - coverage for | | | | watercraft does not turn into a hole in the water |
| watercraft includes special navigation areas. | | | | that you are pouring money into. |