Boat/Watercraft Insurance

If you own a boat in Texas, there are several risks you need to contend with, whether it’s in the water, storage facility, or when transporting your boat. And since you don’t know when calamities will strike, you must invest in boat insurance from Ware Insurance to safeguard yourself and the boat when the unthinkable strikes.

When is boat insurance required in Texas?

No Texas law requires boat owners to purchase boat insurance. However, if a financial institution finances your yacht, fishing, or sailing boat, they may insist you buy boat insurance until you pay off the outstanding loan. But whether watercraft insurance is mandatory or not, Ware Insurance advises all boat owners to invest in boat insurance.

Boat insurance coverage options

Boat insurance isn’t one-size-fits-all coverage — it has several options to help you choose those policies apt for your lifestyle and budget. Some boat insurance coverage options include:

  • Physical damage coverage: Comprehensive and collision policies pay for your boat’s damage or loss after threats like accidents, fire, theft, and falling object strike. Boat insurance covers the damage or loss up to your coverage limit.
  • Boating equipment: Boat insurance may cover items like fishing gear and other personal belongings when lost or damaged.
  • Liability coverage: If you are at fault for an accident, you can be responsible for bodily injury and property damage you cause to other people. Besides, liability coverage covers legal costs when you are sued.
  • Emergency assistance: Like other machinery, your boat can break down when you are deep in the waters. With emergency assistance coverage, you don’t have to panic wondering how you will get to safety — all you need to do is call your insurer to come to your rescue.
  • Uninsured motorist coverage: Since you can collide with boaters without insurance, you should invest in this coverage to cover your expenses in such instances.

Ready to purchase boat insurance in Texas? Please get in touch with Ware Insurance for a no-obligation quote.