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Boat Insurance: Does it Matter? Important Reasons for Boat Insurance

Texas is home to many large bodies of water, and some of the best fishing in the states. Owning a fishing or recreational boat allows many people the freedom to get out and enjoy the lakes and coastal areas of this great state.

If you are a boat owner, a boat insurance policy is an important part of protecting your investment. Since a boat is a huge investment for most people, it’s a good idea to make sure you have enough coverage.

If you own a boat or watercraft, here are a few reasons why you should consider a boat insurance policy.

Your Homeowner’s Policy Doesn’t Cover Your Boat

While most people would never assume that their vehicle is covered under their homeowner’s policy, many boat owners assume that their boat falls under their home insurance policy. Don’t make this mistake! While it’s true that your homeowner’s policy may cover a certain amount of damage done to your boat, this coverage is usually minimal, and in most cases, it only applies if the damage occurs while your boat is parked on your property –not while the boat is out in the water or in moorage. Make sure your investment is protected with the right policy.

A Boat Insurance Policy Provides Multiple Coverage Options

A boat insurance policy can be customized to fit your specific needs. Your policy can vary depending on your type of boat, how often you use it, and if you have a loan out for it. Boat insurance provides protection in case of an accident, but coverage options are available for theft to personal property –such as fishing equipment, as well as liability coverage should your boat cause damage to a third party. Policies can even include towing, which is an invaluable coverage option should your boat break down while you are on the water.

A Boat Insurance Policy Covers Your Liability

Liability insurance is one of the most important reasons for boat insurance. Should someone become injured on your boat, or if your boat were to cause injury to a third party or damage to someone else’s property, your liability insurance can pay for the third party’s medical expenses, as well as for the cost to repair or replace the damaged property. Without a liability insurance policy, the potential for a liability lawsuit is real threat.

When it comes to insuring your boat, Texas Insurance Agency has you covered. With some of the best rates and coverage options available, we will work hard to make sure you have the right coverage. Contact us today for more information on boating insurance. (877) 952-1010