Boat insurance does cost a tidy sum but so does your modern high speed boat too. Do not forget that the insurance policy that you are planning to take with Jet Ski Insurance will not just cover scratches or dents to your boat.
They shall also cover all injuries that you and other occupants of the boat suffer in case of an accident. There are special insurance policies that will also cover up the damages caused to others by your boat when an accident does happen.
Just figure out the costs of repairing a luxury yatch and you will understand what is being hinted. These yatches cost a small fortune and if your boat has accidentally collided with one of them and has damaged it, it will be beyond your financial means to repay back the costs of repairing them. The amount of money that you are paying for getting an insurance cover for your boat can cover all these damages along with your medical bills too.