Whether you own a yacht or a fishing boat, it is important to consider the need for a boat insurance policy, especially if your boat is an essential part of your ability to earn income.
Boat insurance is not a requirement by law. However, wrecks on the water are not out of the question. While we like to assume that these wrecks only happen to other people, one can never be too careful when it comes to opting in for insurance coverage.
There are many different types of boat insurance coverage, most of which can be customized to fit your type of boat and needs. Contact the professional team at Texas Insurance Agency for more information!
Boat Insurance Coverage
Like your home or auto insurance, boat insurance is there to protect your property in the event of an accident, vandalism, theft, or other types of damage. This is known as property coverage.
Additionally, some insurers offer repair cost coverage. This option typically covers the repair cost of your boat, trailer, motor, or other marine equipment. Coverage will depend on the policy.
We are all familiar with liability insurance. It is the minimum requirement for drivers with registered vehicles. These policies provide coverage if you cause an accident on the water. For instance, if the other party is injured, medical costs and property damage are typically covered.
As stated previously, boat insurance is not a requirement by law. Therefore, if you are in a boating accident where you are not at fault, there is the possibility that the other party may not have coverage.
It is a risk that boaters take when getting out on the water. However, insurance companies offer uninsured watercraft coverage so that if you are protected if the wreck is not your fault.
There are many types of boat insurance. It can be overwhelming to know which policy is the best fit for your needs. Let the Texas Insurance Agency team of insurance agents help you!
Customized Coverage and Discounts Available!
The great thing about Texas Insurance Agency is that our team doesn’t work for the insurance companies. We work for you! Therefore, we are able to offer every client customizable boat insurance. Furthermore, we have access to a wide range of multi-policy, good driving, and boat safety discounts.
Contact Texas Insurance Agency
There are many benefits to having boat insurance. Your boat is an investment. As a result, protecting that investment is necessary. Boating accidents occur frequently and when we least expect it.
Take advantage of the customizable coverage and discounts offered by the Texas Insurance Agency. Contact our dedicated team today!