Insurance Keeps Jet Ski Rental Companies Afloat

Whether your recreational marine company rents jet skis, Sea-Doos or WaveRunners, you need insurance to cover the associated risks. Marine insurance providers offer jet ski rental insurance programs to a diversity of rental outfitters, from marinas to resorts. As reported on https://www.merrimacins.com, the following types of insurance coverage are critical.

General Liability Insurance

General liability gives your business insurance coverage for the commonplace industry risks associated with jet ski rental. For example, in a wet environment such as a dock or marina, customers’ trips and falls are legitimate risks. A customer may slip on pavement or misstep when getting on or off a personal watercraft.

Hull Insurance

As you might imagine, damage to a jet ski or sea-doo is a regular risk in the personal watercraft rental industry. Whether a collision or stationary accident damages the body or mechanical system of the watercraft, hull insurance will cover your investment.

Watercraft Insurance

Watercraft insurance covers property or personal damage while one of your customers is operating one of your rental machines. From a damaged pier pylon to a customer’s spill that requires medical attention, watercraft insurance provides the coverage necessary to keep your business afloat.

If you want to learn more about jet ski rental insurance, contact an experienced marine insurance provider. A specialist can assist you in determining the program or products that meet your needs.

Yacht Insurance: The Two Types

Yacht Insurance: The Two Types

Yacht insurance policies offer coverage for pleasure boats. These policies might offer coverages such as liability, damage or bodily injury, as well as damage to boats and personal property. Your coverage and perks depends on the provider itself. Here is what you need to know about yacht insurance Newport Beach residents need.

What Is Yacht Insurance?

Yacht insurance is a specialized coverage for yachts. Sometimes this includes classic or antique boats also. Generally, yachts are boats that are over 26 feet long. The yacht coverage tends to be specialized because there are more risks involved in owning a yacht.

Hull Insurance

Hull insurance covers damage. This policy might include replacement cost and partial losses. The only components that aren’t usually covered are those items that will depreciate over time. For instant, batteries and sails may not be under your coverage.

Protection and Indemnity Insurance

This is a broad liability coverage. This type of coverage helps you when it comes to legal matters. Maritime law is unique and you have to be prepared for that. This will help you with your defense or pay judgments against you.

When it comes to yacht insurance Newport Beach residents should trust in, most choose extensive coverage. To pay for any damages, particularly for a yacht, can completely break the bank. It’s important to trust in an insurance policy that will give you peace of mind.