Personal Watercraft Insurance – Only Liability Coverage
One way to save money on your PWC insurance policy is to consider having only liability coverages. Suppose you own your boat free and clear, and its value is modest. In that case, you can consider a liability-only policy that will still protect you financially from third-party damages in the event of an accident but will not reimburse you for the loss of or damage to your boat.
If you are considering switching to a liability-only policy, ensure it still provides coverage for salvage. If your boat sinks at its slip and your policy does not cover salvage, you will be out a boat and the thousands of dollars it will cost to raise, remove, and dispose of your former vessel.
