Who doesn’t love the warm sun, cool breeze, and a break from reality? One of the most relaxing activities in North Texas during the summer months is spending the day boating on one of the nearby lakes. When you’re a boat owner, you know what a big investment having a boat can be. Not only financially, but also the task of providing an awesome experience for yourself, your family, and friends on your boat. When it comes to that feeling of accomplishment, having boat insurance is worth every penny. But many might ask if insuring your boat is worth it, during the off-season. The answer is yes! Even when your boat is stored, there’s a lot that can happen to it. So we want to help ensure that your boat insurance policy is the best way to protect your investment year-round.
Is boat insurance required?
The legal answer is, no, boat insurance isn’t required by Texas Law, however, each marina is different, and some may mandate boat liability coverage. Other reasons you should choose boat insurance include liability, protection for your boat, and protection for your personal property.
What Does Boat Insurance Really Cover? Don’t Hit the Water Without Knowing.
Before you launch your boat, make sure you’re protected. Accidents on the water happen fast — and boat insurance could be the only thing standing between you and a financial disaster. Here’s what you need to know:
Medical Payments Coverage – Accidents Happen. Be Ready.
A day of fun on the water can turn dangerous in seconds. If you or a passenger gets injured, medical payments coverage kicks in — no matter who’s at fault. It pays for critical medical care right away, so you don’t have to panic about the cost while trying to get help. When injuries happen, every second counts. This coverage ensures you can focus on getting the treatment needed — fast.
Physical Damage Coverage – Protect Your Boat. Protect Your Investment.
Boats aren’t cheap — and neither are repairs. Physical damage coverage pays to fix or replace your boat, motor, and trailer if they’re damaged by fire, storms, theft, collisions, or even sinking. Whether you’re cruising the lake or your boat is in storage, one unexpected incident can cost thousands. This coverage shields your wallet from the blow.
Liability Coverage – One Mistake Can Cost You Everything.
If you cause an accident on the water, you’re on the hook for the damage — to other people, other boats, and property. Liability coverage protects you from the financial fallout. Whether your boat crashes into another or causes damage with a powerful wake, you need protection. Choose the amount of coverage that fits your risk. When things go wrong, even a little coverage is better than none.
How much does boat insurance cost?
It depends on several key factors:
- The coverage limits you choose
- Your boat’s size, value, and type
- Where and how often you use it
- Where you store it
- What do you use it for (fishing? watersports? leisure cruising?)
The more risk involved, the more coverage you’ll need — and the more you’ll pay. But cutting corners here can cost far more in the long run.
At Arthur Blake Insurance, we make sure that you enjoy your time on the water without having to worry about what could go wrong. Our experienced team of agents at Arthur Blake Insurance are awaiting to assist you! If you would like to learn more, contact us today at 972-954-6383. Let us help you secure better coverage at a price you can afford!