PO Box 722
Taylor, TX 76574
(By Appt) 700 Lavaca Street, Ste #1400
Austin, TX 78701
Owning a boat in Austin, TX is a little different from living on the coast. The type of watercraft contrasts what might be found in places like Houston, and with those expectations come different needs for insurance.
Texas State Requirements
The state of Texas does not have minimum insurance requirements for personal watercraft. Despite that, most boat owners will still be required to purchase some amount of insurance. Rather than coming from the state, this mandate typically stems from banks who issue loans for the purchase of a boat.
Boat insurance is a good idea anyway. Most risks to a boat or boat owner come from two sources: weather and accidents. In either case, it is generally a good idea to have some measure of coverage for your property and for the risk of liability.
Basics of Boat Watercraft Coverage
Since watercraft can vary so greatly, coverage is equally diverse. Simply put, a jet ski doesn’t need the same policy as a 20-foot fishing boat. Policy options usually break down into two components. The first is to cover damages to the craft itself. The amount of coverage you need will be mostly determined by the value of the craft itself. Policies can cover boating accidents, extreme weather, and even dry-dock issues.
The other significant coverage is the liability. When comparing liability limits, you want to keep a few things in mind. The craft’s capacity is first. You need protection for every potential passenger on board. On top of that, boats need liability coverage comparable to the amount of damage they can cause to other structures, watercraft, and people.
You can browse insurance policies online to your heart’s content, but eventually, you have to make a decision. With a simple phone call or a friendly visit to the office, your representative at Austinite Insurance Agency LLC can help you determine the perfect coverage for your precious watercraft. Call or stop by our offices in Austin, TX today.