Do I need to insure my boat year-round?

Owning a boat in Austin, TX may mean not getting to use it all year round. Because of your schedule or the time it takes to get to the lake, you may only be able to use your boat during limited times throughout the year. 

Your homeowner’s policy through Southwest Insurance Center may already cover your boat when it is safely stored at home, but this kind of policy has limitations. For instance, it won’t cover a more expensive boat, liability coverage, or medical bills if someone is injured while you are out using your boat.

Can I Be Forced to Insure My Boat?

Texas does not require boat owners to insure their boats. However, if you still owe on the loan, you probably have a requirement in the terms and conditions that you have an active insurance policy on the boat continuously until it is paid off. This protects their investment because accidents like fires can happen even when your boat is in storage.

Even if you own your boat outright, you may still be required to prove insurance at certain facilities. To protect themselves from liability, some marinas, for example, may need you to insure your own property.

What if I Own My Boat Outright?

While Texas does not require boat owners to carry special boat insurance, holding an insurance policy protects you from liability and defends you against claims in case your boat is in an accident. Just like with an automobile accident, having insurance will pay medical bills and boat repairs. Your insurance agent can deal with these issues and save you the time and trouble.

Southwest Insurance Center can help you explore the options that best fit your needs if you are in the Austin, TX area. Call today to compare rates.