As the weather warms up, every jet ski owner is ready to hit the water. If you rent out jet skis for the summer, you need to ensure that you have adequate jet ski business insurance. In the event of any accident, you could be liable or you could lose money that you invested into your personal watercraft.
Here are three reasons that you need jet ski insurance:
One of the most common reasons that jet ski owners have insurance is to cover damages if there is an accident on the water. Not only could your jet ski be damaged in the accident, but you could also be found liable for injuries of another party.
While no one wants to think about their jet ski or personal watercraft being subject to a criminal act, it can happen. If someone vandalizes or steals your property, what can you do about it? Comprehensive insurance options can cover crimes.
Comprehensive coverage may also cover you in the case of a storm or other event. If your jet ski is destroyed in a natural disaster, there are policies available to you. Tornados, windstorms and other events can cause serious damage.
Your jet ski is an investment that deserves as much protection as possible. When you rent out personal watercraft, a lack of insurance can cause serious losses.