Boat insurance midland odessa, tx

Boat Insurance

If you happen to be a proud owner of one of the 580,000 boats registered in Texas*, you’re probably getting her ship-shape for some summer fun, fishing and relaxation on your favorite lake.  Since Texas has more square miles of inland water than any other state, you’ve got plenty of choices.*

Small boats with only a small or no engine at all, may be adequately insured under your homeowner’s insurance. A sailboat would come in this category. But if you’re buying a $35,000 (or more) boat or yacht, your homeowner’s policy will not cover everything you need. You can bundle your boat insurance policy with your home and/or auto insurance and probably save a little; another good point to discuss with your insurance agent.

If your boat is insured under your homeowner policy, it is covered only for theft.  It is also subject to a limited amount and the home deductible. There is no liability coverage whether the boat is on or off the water.

Your boat liability insurance protects you if a person is injured while on your watercraft. You can choose between replacement costs or cash value in case you have a total loss. Boat insurance will cover bodily injury if someone is injured while on your boat, damage on docks and other boats caused by your boat, and any physical damage to your boat if it should collide with something or goes onto the ground.

Comprehensive coverage will protect your boat from vandalism, fire/flood, theft, personal property coverage for gear, uninsured boater and roadside assistance, which is handy if you breakdown and require being towed.

Contact your insurance agent about details of your boat insurance coverage. Ask which of these items pertains to your needs based on the kind of boat you have and how you use it. If you participate in fishing tournaments, ask your agent if you need any special coverage.

  • Damage Coverage
  • Disappearing Deductible
  • Consequential Damage Clause
  • Fishing Equipment
  • Protection & Indemnity (P&I)
  • Medical Payments
  • Tournament Fee Reimbursement
  • Towing and Emergency Assistance
  • Unlimited Trailering within the continental United States

Boat insurance as well as adhering to good safety protocol will protect you and your boating crew from accidents and will give you the peace of mind to relax, kick back and have more fun concentrating on that “whopper” you’ve been hoping to catch.