Call Us Today | 740.452.7575 | Follow Us | | |
Auto Insurance AUTO

Auto insurance protects you against financial loss if you have an accident.

Read More
Homeowners Insurance HOME

A standard policy insures the home itself and the things you keep in it.

Read More
Business Insurance BUSINESS

Discover the perfect insurance options to meet your specific and unique needs.

Read More
Life Insurance LIFE/HEALTH

Browse a variety of insurance options in order to find the right one for you.

Read More

Warm weather is here and a popular recreational activity involves the rental and use of jet skis. Perhaps a member of your family will rent a jet ski some time during this summer. Have you thought about the liability exposure you are assuming in the event of an accident that causes injury to a third party? For example, your teenage daughter rents a jet ski and hits a swimmer, knocking out his teeth and causing many years of reconstructive surgery for facial injuries.

Do your existing insurance policies provide coverage? Surprisingly, neither your personal automobile nor your homeowners policy provide coverage.

Coverage for the above accident is provided under a personal umbrella policy. Do you have such a policy? The cost is usually low, less than $200 per year for $1,000,000 insurance and the policy is usually issued by the insurance company that handles your personal automobile policy. The personal umbrella policy does require your homeowners and automobile policies to have certain limits of liability. A deductible, or retained limit, usually applies.

Interestingly, or oddly, your homeowners policy would provide coverage in such an accident described above if the jet ski was borrowed instead of being rented. For example, your son borrows your neighbor's jet ski and injures someone while operating the jet ski. You have coverage under your homeowners policy.

In neither event, rented or borrowed, does the homeowners policy provide physical damage coverage on the jet ski itself if the jet ski sustains damage while your child is operating it.
Posted 6:40 PM

Share |

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010

View Mobile Version
Site Map | Privacy Policy | © Copyright. All rights reserved.
Powered by Insurance Website Builder