Whether it's whitewater rafting on the Colorado River, wakeboarding on glassy reflections of red rock at Lake Powell, sailing on Bear Lake or Great Salt Lake, trolling for trophy fish at Strawberry Reservoir, or canoeing on quiet mountain lakes, Utah offers boaters and PWC enthusiasts a myriad of opportunities to head out on the water. With the popularity of boating and PWC use on the rise, however, the risk for accident and injury increases. Only a PWC insurance policy can help you quickly recover from a boating accident.
However, before you search for PWC insurance, there are several factors to consider.
According to the U.S. Coast Guard:
The average personal water craft can cost anywhere from $2,000 to $15,000, which is a considerable investment for most households. Not only do you want to protect your PWC from damages and ensure you can make swift repairs following an accident, but you also want to protect yourself against lawsuits should you injure another boater or damage their property.
Only a PWC insurance policy can protect your assets and future earning potential from being subject to seizure if you are sued.
Each motorboat and personal water craft is required to carry owner’s or operator’s liability insurance when operated on Utah waters. The minimum insurance requirements are:
Motorboats equipped with engines with fewer than 50 horsepower and all airboats are exempt from this requirement.
Proof of insurance must be carried on board the water craft whenever it is in operation. Evidence of insurance coverage includes one of the following items:
A motorboat owned by a non-Utah resident and registered in the nonresident’s state must meet that state’s insurance requirements or comply with Utah’s liability insurance requirements within 90 days.
Not only does Utah law require PWC operators to carry insurance, but the state also requires these vessels to be registered. If you are obligated to registuer your particular PWC, chances are very good that Utah insurance companies have a policy that suits your craft. The most common types of PWCs include:
Most insurance companies will give you a number of coverage options from which to choose when you build your PWC insurance policy. Remember, however, that any policy you choose must meet the state's minimum requirements. You should be given the following coverage options:
Due to the variables used to calculate PWC insurance quotes, it is nearly impossible to come up with an average cost. Insurance companies take several factors into consideration when they determine your quote, including:
You should be able to find PWC insurance quotes between $150 and $500 a year.
You don't want your enjoyment of the serenity of Utah's beautiful rivers and lakes to be disrupted by worries about whether you could afford an accident. Knowledgeable, independent insurance agents on the Trusted Choice® network are always available to answer your questions, suggest coverage options best suited for your PWC, and even assist you in filing a claim.
These agents have years of experience working with Utah insurance companies, enabling them to find you a number of quotes with the best coverage options at the most affordable rates. Contact a Trusted Choice agent near you to find out how you can obtain the PWC insurance policy thatbest meets your needs and budget.