You know that you need boat insurance for your watercraft in Arlington, TX. You are, however, unsure as to how much coverage is required as well as how a policy works to protect you financially. The agents at Strack Insurance Services can help you find the boat insurance plan that fits your lifestyle. Consider the following when you call to request a quote.
Standard boat insurance does not cover every watercraft
A standard boat insurance plan works much like traditional car insurance in Arlington, TX. The policyholder chooses between liability coverage or a plan that pays for all losses.
It is sometimes tempting to choose a boat insurance policy that requires little in monthly premium payments. You should, however, not be taken in by the notion of cheaper monthly payments as a standard boat insurance plan does not usually cover jet skis, kayaks, and canoes.
For the most part, you can depend on your boat insurance policy to pay for damages to your motorized vessel. Coverage for other watercraft may require a higher premium.
Liability does not fully cover you and your boat
Some boat owners choose liability coverage believing that such insurance pays for every incident. In reality, liability insurance does not pay for damages to your boat in an accident. The coverage only extends to property you have damaged in an at-fault accident.
You need full coverage, which includes comprehensive and collision insurance if you want to have the assurance that both your boat and the other party’s property is financially secure. You may also consider purchasing medical coverage for passengers who may suffer physical injuries in an accident.
Storm damage coverage may be necessary
Texas experiences hurricanes every year. Standard boat insurance does not usually cover natural disasters. You may find yourself paying for damages to your vessel out-of-pocket if you do not purchase storm damage coverage, which can pay for expenses related to hurricanes, tornadoes, and other forms of flooding.
The agents at Strack Insurance Services can help you put together a boat insurance policy that protects your investment. Call us today to get started with a quote for coverage!