Understanding Personal Watercraft Insurance in Ontario

Insurance is a good idea when you’re heavily invested in anything. Whether you plan on buying a house, car, boat, or personal watercraft (PWC), it’s smart to have emergency resources available should the worst-case scenario develop. Most people don’t have familiarity with watercraft like Jet Skis until they own one.

If you’re seeking personal watercraft insurance in Ontario, it’s a good idea to know what options there are, and what to buy. So, we’ve listed a few things to consider before you decide on marine insurance.

Four Important Things to Know for in PWC Insurance

Be Specific With Your Policy

Whatever policy you get should cover three primary things: damage to you or others, any incidental property damage, and medical payments for when an injury is serious. Some plans only cover one or the other. Try to be sure whichever solution you secure covers all three.

Insure Each Watercraft Separately

If you’ve got multiple Jet Skis, you’ll want to assure they each have their own coverage. While some personal watercraft insurance in Ontario might include blanket policies where you can cover multiple Jet Skis under one policy, most will require each PWC to have its own plan. You might have to combine coverage into a single payment for separate vehicles–one policy has extras, the other doesn’t. 

Know What Your New Policy Covers

When you secure a policy, read the fine print to be sure you’ve acquired one that covers everything. In fact, it’s smart to read your policy before buying it. If you don’t do this, at least read the policy once you’ve secured it to assure it covers what you expected.

Not All Policies are Comprehensive, Consider Extras

Some policies aren’t comprehensive. This is another reason to fully understand what you’re getting prior to buying. Sometimes the price is right, but the policy is bare. Accordingly, get extras as appropriate.

Also, you can mix-and-match policies to fit your situation. Sometimes the guest Jet Ski has a different policy than your primary PWC.

Marine Insurance that Matches Your Needs

At Northstar Maine Insurance, we can help you get the best personal watercraft insurance in Ontario. From PWC, yachts, powerboats, and much more, we’re your marine insurance specialists.

To learn more about your options, and to get a personalized quote, contact our team today!