Watercraft & Boat Insurance in Tyler, Texas
Owning a boat comes with its share of responsibilities, including having the right insurance. This type of coverage offers financial protection from unexpected events while on the water, such as collision, theft or vandalism, allowing you to operate your vessel with confidence.
What Does Boat Insurance Cover?
A standard policy typically offers the following coverage:
- Personal property coverage helps cover the cost of personal items on your boat, such as gear, electronics and clothing, if lost or damaged.
- Physical damage coverage may pay for repair or replacement costs if your boat is damaged in an accident, stolen, vandalized or affected by other covered events.
- Liability coverage may cover medical bills, legal expenses or property damage if you’re found responsible for an accident involving others.
- Medical payments coverage may offer financial support for medical costs if you or your passengers are hurt in a boating accident, regardless of who’s at fault.
- Uninsured/underinsured boater coverage steps in if you’re involved in an accident with someone who’s at fault but is uninsured or doesn’t have enough coverage to pay for your losses.
You may add additional features to your coverage, such as for towing services.
Is Boat Insurance Required?
In Texas, boat insurance isn’t required by state law, but that doesn’t mean it’s unnecessary. Insurance might still be mandatory depending on where you dock your boat or how it’s financed. For example, many marinas require liability coverage before allowing you to use their facilities, and lenders often insist on full coverage until you’ve paid off your loan. Even if it’s not legally required, having boat insurance is a smart move to protect your investment and cover potential liabilities on the water.
Where to Get Boat Insurance
Contact Lamas Insurance Agency today to discuss your boat insurance needs. Our team is ready to help you explore coverage options tailored to your boat type, usage and budget.