Boat Insurance in Houston, TX
As a nautical enthusiast living along the Gulf Coast, Houston boaters can enjoy ample opportunities for aquatic excursions. However, whether you plan to enjoy a casual day on the water or a more extensive adventure away from home, you’ll need to account for various risks and exposures. Accidents and other incidents involving your vessel can have dire financial ramifications. In advance of such situations, you’ll want to make sure you have suitable boat insurance.
How Does Boat Insurance Work? 
Your boat insurance policy acts as a contract between you and your carrier. You can make various coverage selections when tailoring your insurance to suit your vessel, location, risk tolerance and other unique aspects of your situation. Once you’ve finalized terms, you’ll be responsible for making regular payments, known as premiums. Keeping up with these payments maintains your coverage and provides the ability to file a claim for financial aid following covered incidents.
What Can Policies Cover?
When composing your boat insurance, you should have ample understanding of various financial protections and coverage options that may be available. For many boaters, the following aspects of boat insurance are highly advisable investments:
- Bodily injury liability coverage
- Property damage liability coverage
- Medical payments coverage
- Personal injury protection
- Physical damage coverage
- Contents coverage
- Uninsured/underinsured watercraft coverage
- Emergency assistance coverage
Is Insurance Required?
In Texas, boat insurance is not required by law. However, you may be subject to other obligations. For example, if you’ve financed your vessel, your lender may require coverage until you’ve paid off your loan. Additionally, many marinas may mandate liability coverage if you want to dock your watercraft there. Even in the absence of such obligations, boat insurance should be a top priority, as you might otherwise face disastrous out-of-pocket losses and expenses arising from accidents, crime or natural disasters.
Where to Get Boat Insurance Near Me
Contact Best Option Insurance and Tax today to learn more about policies available near you or to get a free and personalized boat insurance quote.