With an extensive coastline and about seven thousand lakes, Texas is a great state for boating enthusiasts. But what are the requirements for boat insurance in Texas? In this post, we give you the inside scoop.
What Are the Requirements for Boat Insurance in Texas?
As you may know already, auto insurance is a legal requirement in Texas. And while you may think that the principle applies to boats, the truth is that you are NOT legally required to carry boat insurance in Texas.
However, this doesn’t mean that you should set sail without insurance! Having the right coverage in place allows you to enjoy your time on the water with the peace of mind that comes with knowing that you are protected.
Purchasing boat & watercraft insurance is a smart move if you operate any type of boat, jet ski, or personal watercraft in Texas. In the next section, we’ll see some things you should keep in mind to get the best possible coverage at the most affordable rates.
Boat & Watercraft Insurance Tips
Some homeowners policies may provide limited protection for your boat. However, the dollar amount covered tends to be low. Plus, this type of insurance doesn’t include liability coverage.
Simply put, this means that your homeowners insurance would cover only the damage to your boat, not the medical expenses or damage you may cause to other people.
When it comes to boat coverage, there are three basic types:
- Replacement cost. Covers the costs of repairing or replacing your boat.
- Actual cash value. Pays for the cost of replacing or repairing your boat, minus depreciation.
- Agreed amount value. Covers repairs or replacement up to a previously agreed-upon value stated in your policy.
As with other types of insurance, you can customize your boat policy with optional boat coverages such as theft coverage, towing, or protection for your trailer or boat accessories.
If what you want is to save, you can lower your boat insurance rates by taking a water safety education course or by having devices that increase the safety of your boat, such as ship-to-shore radios and coast guard-approved fire extinguishers.
Looking for Watercraft & Boat Insurance in Houston, Texas? Contact BZ Bee!
When it comes to boat insurance in Houston, or anywhere else in Texas, BZ Bee Insurance Services is the way to go.
We understand the needs of boat owners and go out of our way to help you find coverage that meets your needs.
To get a free quote, just contact us by email (ayalamariaeugenia@yahoo.com) or telephone (832-729-8114), or fill out the contact form on this website.
