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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 3:40 PM

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