Boat/Watercraft Insurance in Texas
Integrity Advisors Agency, LLC in San Antonio, TX provides insurance coverage to meet the needs of its customers, including boat/watercraft insurance. We offer policies to Texas boat and watercraft owners for liability, damages and repair, and some medical benefits.
Types of Boat Insurance
Your homeowner's policy may provide some coverage for your watercraft. However, the coverage is typically limited to a smaller amount of property coverage for your boat. This doesn't include liability or personal injury payments, so in most cases, you will still need a separate boat insurance policy.
Liability coverage will cover property damages to other parties in the event of an accident. Hitting another boater or a dock are a few examples. Personal injury payments will cover the medical expenses of another party injured in an accident that is your fault. Medical payments coverage includes injuries to you or passengers of your watercraft in the event of an accident.
Full coverage or all-risk coverage typically covers damage to your boat, on and off the water. Vandalism, fire, and boating accidents are covered under this type of policy. Trailers used to tow the boat are often included as well. Full coverage can be for the replacement value, actual cash value, or agreed value.
Replacement value will pay you the amount that it would cost you to replace the property that was damaged. The actual cash value will only pay the depreciated market value of the item, which is often lower than the cost to replace it. Agreed upon value means that you will receive an amount previously agreed upon by you and the insurance company, regardless of the replacement or actual cash value.
Boating and watersports are popular activities in Texas. You need to be protected, both on and off the water, and different policies all have various advantages. At Integrity Advisors Agency, LLC in San Antonio, TX, our agents will help you choose the right boat policy for your unique needs. Contact us today to learn more.
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