Boat/Watercraft Insurance in Texas

Do You Need Boat Insurance in Texas?

The water sources in Texas provide plenty of space for recreational water sports, including boating. However, there isn’t a state law that requires boats to carry minimum levels of insurance. Even if you aren’t required to have insurance, you still want to have coverage. Marinas may want you to have boat insurance if you are going to be docking there. If you are taking a loan out on your boat, then you may also be required to have insurance. The risk you face in a boat is just like those you face in a car. You are operating a vehicle and accidents can happen to damage the vehicle and your personal property or cause injury. Many home insurance policies do extend coverage to boats. However, this is usually up to a limited dollar amount and the policy may only cover limited scenarios of boat damage. You shouldn’t rely on your home insurance policies to protect all your risks when boating.

What Does Boat Insurance Cover?

Boat insurance coverage in San Antonio, TX can vary by policy. Check with an agent at Ellis Insurance Agency to check what your policy can cover. Generally, policies can cover these things:

Collision: This will include repair or replacement of your boat in the event of an accident. It generally won’t cover the cleanup of wreckage unless you get optional additional coverage.

Property Damage Liability: This covers damage you cause to someone’s boat, dock, or property.

Bodily Injury Liability: This will cover injuries you may cause to someone else and can cover medical expenses, lost income, legal expenses, and pain and suffering.

Comprehensive: This will repair or replace your boat if it is stolen, vandalized, or damaged from something other than an accident.

Additional Coverage Options: These coverage options can be purchased based on your needs. You can get coverage for medical payments, oil spills, fishing equipment, and personal property coverage, as well as coverage for injuries and damages from accidents caused by boaters who are underinsured or uninsured.

Contact Ellis Insurance Agency, serving San Antonio, TX, to get a quote on boat and watercraft insurance.