You are planning a summer vacation that includes renting a Jet Ski so the family can have some fun on the water. Have you stopped to consider your liability exposure if something bad happens? What happens if you hit and injure a swimmer? Or ram the Jet Ski into the dock, causing significant damage to Jet Ski and dock?
“Oh, well”, you say, “My homeowners policy will take care of things”. Let us examine that in detail.
Section I of the homeowners policy provides coverage for “…personal property owned or used by an insured while anywhere in the world.” Thus, the rental Jet Ski is insured if you damage it. However, most homeowners policies have a limit on coverage for “watercraft of all types”, usually $1,500.
Section II of the homeowners policy is the liability section and it probably the most important section to if you injure someone or damage something while operating a rental Jet Ski. Unfortunately, there is most likely no coverage for a liability claim arising out of the use of a rented Jet Ski. Section II provides coverage on inboard or inboard/outboard watercraft only if the horsepower is 50 or lower. Jet Skis exceed this limit.
To emphasize: When you rent a Jet Ski, you do not have any liability or medical payments coverage under your homeowners policy!
Unless the rental company offers the coverage, we are not aware of how such coverage can be obtained.