Owning a boat in Austin, TX takes a bit of work and a lot of responsibility. However, all the hard work and responsibility are worth it when you get the boat out onto the water and spend a day with friends and family. To help protect you against paying high costs of repairs or medical bills for injuries from an accident, you should carry boaters insurance. The agents at Southwest Insurance Center understands the need for boat insurance and are ready to help get you the coverage you need.
Small Craft Coverage
Small crafts, such as any watercraft with an engine less than a 25-mile per hour horsepower, small sailboats, and canoes, might be covered under your primary homeowners or renters insurance policy. Liability coverage is typically not included, but some endorsements can be added to your existing policy to provide you full coverage.
Larger and faster boats, such as yachts and speedboats, require a separate insurance policy. Your boaters insurance policy will cover physical damage to the boat, property damage if you hit another object, theft, and medical payments. Boat insurance policies have deductibles and caps on their payouts. Purchasing an umbrella insurance policy can help pay for any money owed over the cap of your insurance policy.
Boat Insurance Coverage
Boat insurance coverage varies by policy, but most policies cover the following:
- Physical damage to the boat
- Theft of the boat
- Bodily injury to others than the boat owner
- Damage caused to someone else’s property
- Medical payment for injuries
- Guest passenger liability
- Trailer or boat accessories
- Theft of belongings
- Towing in the event of an accident
Those with a boat in Austin, TX should reach out to Southwest Insurance Center to learn more about their boater’s insurance options.
No one likes contemplating about their life ending abruptly. But the truth of the matter is that death is inevitable and unpredictable. When your demise strikes, you will want the peace of mind that comes with knowing that your loved ones get formidable care. Life insurance is a vital coverage that ensures that your family and loved ones don’t grapple with financial hardships upon your untimely demise. Contact our agents at Southwest Insurance Center serving Austin, TX and its environs, and they can assist with all your life insurance needs.
Is life insurance mandatory in Texas?
Life insurance is not mandatory in Texas. However, it’s prudent as an Austin TX resident, to buy life insurance to cushion your beneficiaries from experiencing any financial burden after your demise. Considering your mortgage and other debts, money to cater to funeral expenses, and tuition fees for your kids, it’s a wise decision to procure life insurance. There are life insurance coverage options in Austin TX which are vital to avert stress upon a policy holder’s demise. They include:
Term life insurance
This form of policy lasts for a specified period you set with your insurance agent at the onset of the policy. This term period could be ten years or twenty years, depending on which meets your needs. This type of policy comes to a halt at the end of whatever period you choose, but there is room for renewal at a higher premium rate.
Permanent life insurance
This policy lasts for a long spell without expiry, as the name suggests. This form of policy guarantees a specific payment on the amount you invest in your policy, and you can consider borrowing it later if you are still alive to settle your issues like paying a debt. This policy provides lifetime coverage as long as you submit your premiums consistently.
Universal life insurance
It’s similar to term life insurance. This type of policy matures after a specified period, but you can pay a premium that will maintain your death benefit in place. It also provides a savings account that can be utilized by your family and loved ones in the future.
Do you want to get spectacular life insurance that suits your family and loved ones best in Austin, TX? Please get in touch with our dedicated agents at Southwest Insurance Center to get your policy as soon as possible.