Boat Insurance Texas

Why would anyone purchase boat insurance in Texas when the state has no boat insurance requirement? Well, just because the state doesn’t require you to have boat insurance does not mean that it isn’t a good idea. says that if you have a boating accident that involves injury to someone else or damage to their property, any settlement will come out of your boat insurance, not out of your pocket and possessions. In addition, just because the state of Texas doesn’t require boat insurance doesn’t mean that the marina you use won’t require boat insurance for the benefit of other boat owners using the same marina. If you are considering purchasing a boat and you plan on taking out a loan to do so, your loan company will likely insist that you maintain your boat insurance until the loan is repaid.

Choosing Boat Insurance

One place to start is with your homeowner’s policy. It may already cover your boat. However, a homeowner’s insurance policy is not likely to cover a larger, more expensive boat. In that case, you will need a separate boat insurance policy. Still, by purchasing your boat insurance from the same company that covers your home and/or car, you may be entitled to a discount for having multiple policies with that company. Carefully study the boat insurance policy offered by your current insurance company, however, and compare it with the policies available from other companies. While automobile and homeowner’s insurance policies are very similar from company to company, boat insurance coverage can vary a great deal.

What Should a Boat Insurance Policy Cover

Following is a list of coverage that you may want to look for in your boat insurance policy:

  • Liability
  • Physical damage
  • Motor coverage
  • Trailer coverage
  • Coverage for your car while towing your boat
  • Medical payments
  • Theft and vandalism
  • Communications devices
  • Boat covers
  • Docking fenders

Boat insurance policies have two sections, a physical damage section and a liability or protection and indemnity section. The physical damage section covers the boat hull, its motor or sails, and the onboard equipment needed to operate the boat. The liability section covers property damage and medical payments to others that arise from a boating accident and payment assistance with your legal defense against lawsuits for covered liabilities.

Coverage for the Physical Damage Section

The physical damage section should cover loss or repairs that result from damage caused by other boats; submerged or floating objects; collisions with docks; weather damage from wind, rain, hail, lightning, or wave action; fire; and theft or vandalism. Look for policies that cover your boat while it is on the water, while it is being stored on land, and while it is being towed. In addition, look for “all risk” boat insurance that states that any loss or damage not specifically excluded will be covered by the policy.

One significant difference between boat insurance policies is whether a loss settlement is calculated with an “agreed value” or an “actual cash value.”

If your boat is totaled, an “agreed value” policy pays the amount stated in the policy, in effect replacing the boat. In the case of a partial loss of some items, the policy pays the replacement cost minus the deductible with an allowance for depreciation on items that normally suffer a high amount of wear and tear such as trailers, sails, canvas, and some machinery.

An “actual cash value” policy factors depreciation and the condition of the boat or the lost items into the loss settlement payment along with the deductible. Thus, you receive somewhat less than the market value of your boat or the lost items at the time of the settlement.

Other coverage that you should consider for your boat insurance policy is personal property coverage, towing and assistance coverage, coverage for the removal and disposal of your boat should it be wrecked and declared a navigational hazard, coverage for containment and clean up of oil leaks and pollution, and coverage if you ever borrow and operate someone else’s boat. Personal property coverage includes damage to or loss of personal property such as clothing, personal effects, and sports and fishing equipment while it is on your boat or as it is being loaded or removed. Towing and assistance coverage includes situations in which neither you nor the boat are in immediate danger but which require delivery of fuel, oil, or parts; emergency repairs while the boat is underway; or towing the boat to a place where repairs can be made.

Coverage for the Liability Section

When comparing medical payment coverage, look for policies that will pay for injuries suffered on your boat even in situations for which you are not responsible. Be certain that you and your family are covered by the policy, and determine if the policy covers people as they board or leave the boat and as they are towed behind the boat when water skiing, for example. Also, check for coverage of any paid crewmembers you may hire, coverage for temporary shore-based workers such as mechanics or marina employees who may be injured while on your boat, and coverage if you plan on chartering your boat or carrying passengers for a fee. Make sure that the policy allows an adequate amount of coverage for medical payments. When choosing between policies with equal amounts of coverage, select a policy that offers “per person” coverage over “per incident” coverage.

Because boat insurance is not required in Texas, be certain you have uninsured boater coverage. This coverage ensures that you are covered for any damages you would be legally entitled to collect from an uninsured or unidentified hit-skip boater and that anyone on your boat who is injured by such a boater will be compensated for their injuries.

Even though Texas does not require boat insurance, it is a wise investment that allows you to enjoy your boat without worry.

Texas Auto Insurance prices

You can’t drive a car and go through life without auto insurance. It’s a fact of life. You can be selective in who you choose for Texas Auto Insurance. With a long list of options for Auto Insurance Texas, it’s important that you get more bang for your buck. Don’t be afraid to shop around as you search for cheap auto insurance Texas. You don’t need to break the bank in order to have the coverage that you need under the law. When you have low priced auto insurance Texas, you will be able to have peace of mind. You’ll have the insurance that you need and a payment that you can afford.

Check Out Texas Auto Insurance Quotes
When it comes to insurance, you need to look before you leap. Don’t settle for the first insurance company you find. You need to make a list of potential insurance brokers. Next, contact each company or use their websites to determine Texas auto insurance prices. Before you go with the lowest bidder for low cost auto insurance Texas, find out more information about the company. Look up reviews and testimonials. As much as you want low cost auto insurance Texas, you also want a company that is going to stand by you and give you the service you need. Cheap auto insurance Texas is out there, but remember that you get what you pay for. Make sure you choose an insurance broker that will give you more than cheap auto insurance Texas. You want a company you can call at any time when there is an accident. You want to be assured that your claim will be resolved quickly and your damages will be covered.

Know the Facts About Your Coverage
As you are on your quest for cheap Texas auto insurance, make sure you have exactly what you need. Liability is the starting point. You also have to consider comprehensive and collision. If you are driving a car that feels like part of the family because it means so much to you, you’ll want the maximum level of coverage. The same holds true for a new vehicle. In other instances, you may have an old vehicle that isn’t worth the ultimate level of protection. You need to weigh your choices and think about what you want. Remember that it’s hard to pay that insurance premium, but even harder to pay the bills after an accident. Good coverage can spare you a lot of headaches down the line.

Find Out About Discounts
When you want cheap auto insurance Texas, you need to look for discounts. You may qualify for a lower rate if you are going to have a policy that combines your homeowner’s insurance as well. Your good driving record can help you to get the best price. Take a driver safety course and you could bring your rates down even further. Special features on your car can also be the ticket to low priced auto insurance Texas.

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