Boat/Watercraft Insurance
Boats and other personal watercraft can be a considerable investment whether you use them for entertainment, traveling, skiing, fishing, or something else. Your boat must have the appropriate type of coverage to protect you at all times. We offer various types of insurance coverage here at Frank Pritchard Agency in Texas.
Boat Insurance Requirements
No laws in Texas require boat owners to obtain insurance to operate them. However, it is still highly recommended. Furthermore, if you leased or financed your boat, the lender may require that you obtain insurance. Certain marinas may also require you to obtain insurance.
Boat Insurance Coverage
There are many different policies you can choose from to protect your boat or other watercraft, including:
- Replacement cost- This enables you to replace or repair your watercraft if your boat sustains any damage. If you suffer a loss, this policy will reimburse you or the amount needed to repair your boat or replace it with the same make and model.
- Comprehensive- This typically covers about everything if your boat sustains any damage. The only exceptions are regular wear and tear or damage that is intentional.
- Agreed amount- With this policy, you will agree on a certain amount beforehand versus trying to tie the payout to the current market value of your boat.
- Collision- This will cover your repair expenses if you are involved in an accident with another boat owner.
- Uninsured/underinsured- This works similar to auto insurance in that it protects you against other boat owners who do not have insurance or enough insurance to cover an accident.
Quotes
To obtain a quote, head over to our Frank Pritchard Agency website today. We serve all residents in the state of Texas.
