Is Boat Insurance Required in Texas?

Although boat insurance is not required in Texas, it is still an essential item if you are looking to protect the investment you’ve made in a watercraft. Whether it’s a new Jet Ski, boat, or any other type of seaworthy vessel, having insurance provides peace of mind and helps protect you in the event that the watercraft is damaged due to a storm, an accident with another boat, or leads to an injury to you, a passenger or a third party. 

Boats are a major investment and a single accident can lead to thousands in damages and potentially the loss of the entire vessel. Boat insurance protects you from the unprotected by offering monetary coverage to repair or replace the vessel. One of the most important benefits of boat insurance is liability coverage. Typically, liability coverage includes damage to another person’s property whether that is another boat, marina, or home and bodily injury if someone is injured either on your vessel or on another because of your accident or negligence. Boat insurance typically consists of three options – replacement cost, actual cash value, and agreed amount – with the ability to customize your policy depending on your specific needs.

Working with a reputable and trustworthy insurance agency is imperative when selecting boat insurance to ensure that you find the right coverage for your needs. At Parker Preferred Insurance in McKinney, TX, we take the time to know our customers so that we can provide them the best possible recommendations. For our team of knowledgeable professionals, insurance is more than just a hobby, it’s our job and we strive to deliver the best possible service. Give us a call today to learn about your boat insurance options.