Taking a ride on a boat should be a fun experience that you come home from without injury. Unfortunately, some people get hurt because of the irresponsible actions of another boat operator. If a boat accident injures you, be aware that the accountable party may have liability insurance.
Motorists possess liability insurance so they can pay for the medical bills of people they injure in collisions. Watercraft liability insurance works in a similar fashion. The Insurance Information Institute explains what events this kind of insurance may cover in the event of an accident on the water.
Personal injuries
Watercraft liability policies cover injuries to a person in different circumstances. If you get hurt from a boater, the insurance of the boat operator should take care of your medical expenses. Having your own watercraft insurance can also work to your benefit if you sustain injury. In the event a boater without insurance hits your vessel, your insurance policy might take care of your health care costs.
Property damage
In addition to your medical bills, you may wonder what you can do about your boat if it suffered damage in an accident. Fortunately, liability insurance can cover harm to property like other watercraft. In addition, a liability policy may provide payouts for damages to stationary property like a dock.
Water sports injuries
Sports on the water like waterskiing can be an exhilarating experience but they come with risks of injury. Many watercraft policies provide coverage for damage or injuries resulting from water sports, but not every insurance company offers it. If you want this kind of coverage for yourself, check with an insurer before buying a policy.
Having your own insurance may get you through a crisis on the water. Still, be aware that in a boating accident you can find out if the responsible party has liability insurance that may cover your costs.