Most people refer to a personal watercraft, or a PWC, by the brand name (Jet Ski®, WaveRunner® or SEADOO®). Whatever you call it, IPN can place the coverage for it.
Personal watercraft are best protected with physical damage protection for the hull, comprehensive coverage for other kinds of damage or loss, plus liability coverage. Where appropriate, a liability only policy can be written.
Market value settlement – In the event of a total loss or theft, we pay the market value (actual cash value), which includes a deduction for depreciation. For a partial loss, we pay the repair cost, minus depreciation for damaged parts. The policy deductible applies.
Medical payments – Policy includes $1,000 of coverage which can be increased up to $5,000.