When purchasing watercraft coverage, you might assume that your insurance plan covers many incidents. However, that’s not entirely true, as watercraft coverage has several exclusions. Our agency, Rock Hard Insurance Agency in Fontana, CA, wants to ensure that you’re well aware of the exclusions to watercraft coverage before you commit to a plan.
What Exclusions Are There to Watercraft Coverages?
Watercraft coverage has specific exclusions because policies don’t want to encourage payouts due to certain circumstances. For example, if someone is intoxicated and breaks the law operating a watercraft, the insurance company will not pay for the damages. While that’s a more common case, here are some exclusions that you may be unaware of:
- Wear and Tear – The policy does not cover Normal wear and tear.
- Neglect – Damages resulting from neglect to the watercraft are not covered.
- Mechanical Failures – Insurance will not cover mechanical failures, as the manufacturer handles these.
- Illegal Activities – Any involvement with illegal activities or confiscation of your watercraft excludes you from payouts.
- Racing – Watercrafts used for racing will not be covered by most policies unless otherwise specified.
- Commercial Use – Coverage will be limited if you use your watercraft for commercial use, as this is generally covered under a business policy.
- Unauthorized Use – In case someone uses your watercraft without your permission, damages may not be covered.
Aside from these, there are many other exclusions out there. These are just some of the major exclusions. You will want to read your policy and communicate with an agent clearly about what specific type of coverage you’re looking for. Otherwise, you may pick a policy that doesn’t cover your watercraft needs.
Choosing the Right Watercraft Coverage
Choosing the right watercraft policy can be tricky. That’s why our agents at the Rock Hard Insurance Agency in Fontana, CA, are here to help. If you’re ready to discuss watercraft policies, then we’re eager to hear from you.
