Boat insurance is not mandatory in the state of Texas. However, different scenarios require you to carry at least liability on your boat.
If your boat is financed, the lender will require you to carry boat or watercraft insurance to make sure that any damages to their asset will be repaired. Some marinas and boat dock facilities in Houston, TX also require you to have boat insurance to protect your boat and pay for damages you may cause to their property.
A boat and watercraft insurance policy from Insurance Discount Center of Texas covers many of the same things as your auto insurance policy. It includes bodily injury liability to cover injuries that you cause someone in an accident while using your boat, your legal expenses, and lost income. It covers property damage liability to pay for damages you cause to someone else's property, such as a dock or any other fixed item as well as another person's watercraft.
Collision damage pays out to you in the case of an accident while operating your boat. It can pay for repairs to your boat or to replace it.
Comprehensive damage pays compensation to you if your boat is damaged, stolen, or vandalized for any type of incident other than a collision.
Since your boat is quite different from your car, there are some extra items you need to have covered in your policy. You can obtain coverage for medical payments, your expensive fishing equipment, and your personal property, such as cell phones or laptops that you bring with you in the boat. You can also add roadside assistance for towing if your vehicle breaks down on the side of the road. You can also purchase underinsured and uninsured policies to cover yourself against financial setbacks if someone doesn't have boat/watercraft insurance, or they don't have enough to cover your losses.
This can all be a bit confusing, and at Insurance Discount Center in Houston, TX, we can help you navigate the waters of your boat insurance so you will be fully covered. You can give us a call at our office or drop by to speak to an agent about your boat and watercraft insurance. We are ready to help you get a quote.
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