Having proper insurance can determine whether your jet ski ends up parked in your backyard or at a local marina. Most marinas in Mechanicsburg, PA, have specific regulations regarding coverage.
Liability Requirements
Marinas typically don’t require you to have recreational insurance specifically, as long as you meet their minimum liability requirements. These requirements ensure that if there’s an accident, your insurance policy through a company like Grove Financial & Associates Inc. will cover the other person’s bodily injury and property damage expenses.
Additional Expenses
Many marinas also require you to cover additional expenses that may arise from an accident. This can include property damage at the marina, such as damage to a dock. You may also need to pay for wreckage removal or fuel cleanup. Always ask a marina about its requirements before parking your jet ski there.
Liability Isn’t Enough
While most marinas require recreational insurance or liability coverage, this usually isn’t sufficient for a jet ski. Make sure your policy includes coverage for wreckage cleanup in the event of an accident. It should also cover damage to your watercraft. Jet skis can cost thousands of dollars, and you don’t want to be stuck with the bill because you only had minimal coverage.
Lender Requirements
If you financed your jet ski, remember to check your lender’s requirements. Most lenders require full coverage insurance that will cover any damage to the watercraft, including damage from accidents or theft.
Agents at Grove Financial & Associates Inc. can help you find the right coverage for your watercraft. Contact us today to learn more about your options. We’re currently serving the Mechanicsburg, PA, area.
