PWC insurance coverages

Your jet ski deserves specialized insurance that's tailored specifically for a PWC - not a car or a home.

Unlike some insurance companies that offer jet ski insurance as a supplement or add-on to their auto or homeowners’ policies, Markel Specialty offers specialized coverages so you can customize your policy to you and your passengers, and PWC.

Coverage for your PWC

Physical damage
Our goal is to keep you on the water. Markel Specialty's personal watercraft insurance coverage offers two settlement options: actual cash value (ACV) and agreed value. ACV would help with the cost to repair or replace your PWC, less depreciation, in the event of a claim. For agreed value, you and Markel Specialty would agree on the value of your PWC at the time of policy purchase (or issuance), and this is the amount that would be paid out should the cost of repairs to fix your PWC equal the value of your PWC. For situations involving partial losses, there is no deduction for depreciation.

Consequential damage
If normal wear and tear or deterioration cause a fire, explosion, sinking, collision or stranding, Markel Specialty’s consequential damage coverage has you covered. Available on every Markel Specialty PWC policy, this valuable coverage isn’t found under most traditional homeowners or auto policies.

Ice and freezing damage
If you contracted for a winterization service, but find that it wasn’t done properly and your engine block froze and cracked, we will cover the damage (provided you contracted with a commercial marina or repair facility).

Coverage for you

Watercraft liability
Protects you and your assets from the costs associated with damages and injuries caused to others. This coverage will pay damages for bodily injury or property damage for which you become liable through ownership, maintenance, or use of your insured PWC. This includes liability for property damage to another watercraft, injury to a guest passenger, as well as watersport liability coverage (which is important if you pull a skier) at no additional cost.

Medical payments
Helps to pay for necessary medical treatment resulting from an accident causing bodily injury to any person while in, upon boarding, or leaving your insured personal watercraft.

Uninsured boater
We help pay for damages you or a family member are legally entitled to receive from an uninsured owner or operator of a watercraft (other than your watercraft), if bodily injury results from an accident while aboard. This coverage is included at no additional charge to you when watercraft liability is selected.

Emergency Towing & Assistance
Should your PWC break down, we will reimburse the reasonable costs you may incur (up to the limit purchased), should you require commercial towing assistance to the nearest place where necessary repairs can be made. Also included:

  • Delivery of gas, oil, parts, or a loaned battery while away from safe harbor
  • Emergency labor while away from safe harbor

Personal effects
From cameras and smart phones to personal flotation devices, you can lose items while out on the water. Luckily, with our personal effects coverage, you'd be covered for the personal belongings aboard your PWC.

Optional coverages to help increase your level of protection

Boat lift coverage
Your current homeowner's policy may not cover damage to your boat lift. As boat insurance specialists, we offer coverage for the boat lift you use for your PWC.

*Insurance, coverage, and discounts are subject to availability and qualifications and may not be available in all states. Coverage descriptions listed are intended to be brief and do not replace actual policy language. For questions or a complete definition of coverages and discounts available to you, please call a Markel Specialty insurance specialist at 800-236-2453.

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