When someone is ready to buy a boat that’s worth a significant amount of money, this man or woman will want to have a Watercraft Insurance Policy in Houston TX to cover any damage that might occur. The insurance policies also include liability in case the owner ever causes an accident.
Boats With Living Space
Policies are geared to different kinds of watercraft. Examples include coverage for yachts and houseboats, which have some type of living space. Large sailboats have living space too. In contrast, different policies are available for powerboats, speedboats and pontoon boats that don’t have a sheltered area in which to sleep, eat and enjoy life on the water even when it’s raining.
Sizes of Boats
In addition, some policies are mainly set up about the size of the vessel. Even without any general living area or sleeping area, a powerboat or speedboat can be very large. Some luxury pontoon boats are 30 ft. in length.
Comprehensive, Collision and Liability Coverage
Owners will want comprehensive and collision coverage so they don’t have to pay out of pocket for damage that occurs due to collisions with other boats, lightning and vandalism. In this region, hurricanes are always possible, and boats are at risk of being damaged by hail and debris blowing in high winds. Boats with living space can be harmed by flooding.
Liability coverage can be purchased without insurance to pay for damage caused by the boat owner, vandalism or nature, although that is generally inadvisable. In addition, without collision insurance, the owner is vulnerable to having to pay for repairs if another boater who doesn’t have liability insurance causes an accident. As with other vehicle insurance, a deductible will apply with a Watercraft Insurance Policy in Houston TX.
Getting Multiple Quotes
Not all insurers cover the most expensive watercraft. Some, for instance, has a maximum of $250,000. An organization like Insurance Offices Texas can provide quotes from a variety of carriers since this is an independent agency. The boat owner doesn’t have to call several insurance companies to obtain several quotes. Visit the website to get started.
