Boat/Watercraft Insurance in Texas

According to the Texas Parks and Wildlife Department (TPWD), the Lone Star state has more square miles of inland water than any other state. Many of our citizens are happy to take advantage of that easy access to water. In fact, there are more than 580,000 registered boats across the state.

However, before you get on the water, you should ensure you have the proper insurance to protect your boat, your passengers, and yourself.

While Texas does not have a law that requires boaters to have insurance, proper coverage is an essential part of boat safety. Some of the policy options include:

  • Homeowner’s policy: This will likely cover the damage to your boat up to a limited amount. Many boats, especially larger ones, will need more coverage.
  • Replacement costs : Will pay to repair or replace your boat.
  • Actual cash value: Pays to repair or replace your boat minus depreciation.
  • Agreed amount value: Pays to repair or replace your boat up to a set value in your policy.

There are often caveats to boat insurance policies. For example, some coverage has rules or regulations related to ocean use or for underage drivers.

Additional Boating & Watercraft Requirements

Having the proper insurance isn’t the only requirement for getting out on the water. According to TPWD, boaters must also:

  • Complete mandatory education for anyone born after September 1, 1993, operating a personal watercraft, sailboat after 14 feet, or motorboat with a motor greater than 15 horsepower.
  • Stock your boat with enough life jackets for every passenger on your boat.

Are you ready to get on the water in Texas?

If you have a boat and are ready to start enjoying the water, call Slaughter Insurance Agency’s office in Quinlan, TX for options today. Our agents will put together the best insurance coverage that meets all your needs.

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