Did You Add a Jet Ski, Dinghy, or New Equipment? Make Sure It’s Covered
Did you make an upgrade in the off-season? Maybe you picked up a jet ski, added a dinghy, or splurged on a new GPS system. Whatever it is, one thing’s for sure, it’s important to update your insurance policy to include it.
New Gear, New Risk
Boating gear isn’t cheap. We’re sure we don’t have to tell you that. Most boat insurance policies cover equipment up to a certain limit. So, if you’ve recently upgraded or added new gear, it’s a good idea to review your coverage.
Jet Skis & PWCs
Bought a personal watercraft (PWC) recently? Congratulations on adding some fun to your upcoming summer. But keep in mind: jet skis and similar watercraft usually require separate coverage.
Pro tip: Most PWC require a standalone policy. So, don’t assume it’s covered until you check.
Dinghies & Tenders
Like jet skis, dinghies typically need to be listed separately to be covered. That’s especially true if:
- They have their own motor.
- They’re used independently from the main boat.
- They’re stored off-site or trailered separately.
Don’t wait until it gets damaged or stolen to realize it wasn’t on your policy.
High-Tech Additions: What’s Covered and What’s Not
These days, boats are like little floating tech hubs. GPS, sonar, marine radios, radar systems, etc. can add thousands of dollars to your setup. But here are some things to keep in mind:
- Some policies cover equipment only if it’s permanently attached.
- Portable items might fall under a different category, or not be covered at all.
- Coverage limits usually apply.
Check Coverage Today!
If you’ve added anything new (big or small) here are three quick steps to protect your investment:
- Take Inventory: Make a list (with photos) of any new items you’ve purchased or added to your boat since your last policy review.
- Check Your Policy Limits: Review the equipment coverage in your policy. You may be surprised at how quickly you’ve hit the limit.
- Talk to Your Insurance Provider: A quick conversation can confirm what’s covered, what’s not, and whether you need to add anything to your policy.
The best time to update your policy is before something goes wrong, not after. Need help? We’ve got you. Reach out today and let’s make sure you’re fully covered.
