Do You Need Boat Insurance?

To get the most out of your boat ownership, you will need to know all of the legal requirements to operate your boat safely. At FB Taylor, serving Nederland, TX, we can help you understand how to best protect your boat and other boaters as well. 

Is Boat Insurance Required?

The legal requirements for boat insurance in Texas are lenient, however, if your boat is involved in an accident that causes damage to another vessel or injuries to other boaters, you can still be held liable for expenses. This is why it is always a good idea to have sufficient boat insurance coverage. If you choose to ever travel by your boat, and the area you are traveling in requires boat insurance, you will want to already have that coverage in place. 

What Does Boat Insurance Cover?

Most boat insurance policies will cover the following areas:

  • Property damage- This type of coverage will kick in if your boat is damaged because of fire, natural disaster, or burglary. It can help pay for the expenses related to repairs or replacement. 
  • Liability coverage- Liability coverage is very important if you have assets you want to protect from liability. If your boat is involved in an accident or someone is injured on your boat, you could be held liable for expenses. These expenses can include medical bills or even legal fees if a lawsuit results from the incident. The only way to protect your assets during this type of situation would be to have liability coverage in place. 

If you would like to learn more about our insurance products or services, please contact us at FB Taylor serving Nederland, TX.