Protecting Your Jet Ski or Pontoon: Insurance Tips for Wilmington Water Enthusiasts

Whether you enjoy a peaceful day on the Kankakee River or dock your vessel along the shores of Lake Michigan, insuring your watercraft is an essential responsibility. Even relatively low-speed or small vehicles, such as pontoons and Jet Skis, can significantly damage other people’s property. Given the inherent risks and exposures of owning and operating a nautical vehicle, Wilmington, IL, boaters must understand the importance of boat insurance.

What Types of Insurance Do I Need for Jet Skis and Pontoons?

Boat insurance is a general term, and policies can potentially be tailored for various watercraft, including pontoons and Jet Skis. A qualified insurance professional, such as those at Oak Knoll Insurance & Tax, can help you explore options and customize a policy suitable for your vehicle and personal circumstances.

What Should My Insurance Cover?

Insuring your pontoon or Jet Ski may require a multifaceted boat insurance policy with varying financial protections. Specifically, you may want to ask your insurer about the following coverage options:

• Liability coverage may be critical if you’re involved in an at-fault accident where other parties suffer bodily injuries or property damage, such as colliding with a swimmer or other watercraft.
• Physical damage coverage can help you manage repair costs if your pontoon or Jet Ski is damaged in a collision or by other incidents, such as natural disasters theft and vandalism.
• Uninsured boater coverage may compensate you for your losses if someone else is responsible but does not carry the necessary insurance.
• Towing and assistance coverage can offset expenses if your vessel breaks down while on the water.

Is Coverage Required?

Although Illinois does not legally require boat insurance, you may need to adhere to other parties’ mandates. For example, you’ll likely need liability coverage if you plan to dock at a marina. Alternatively, lenders typically require insurance to protect their own interests if they’ve helped finance your pontoon or Jet Ski.

We’re Here to Help

Contact Oak Knoll Insurance & Tax in Wilmington, IL, today to learn more about your coverage options or get a free quote.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.