Texas boat/watercraft insurance coverage

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Content Boat/Watercraft Insurance

Boat/Watercraft Insurance

If you own a boat or other kind of watercraft in Texas, you're not alone. Not only is our fine state right alongside the Gulf of Mexico, but we're home to numerous boat-worthy lakes and rivers!

In fact, the Texas Parks and Wildlife Agency reports that there are more than 580,000 registered boats in Texas, making us sixth in the nation for watercraft ownership. In order to be a responsible boat owner though, you need proper insurance coverage. But shopping for policies doesn't need to be complicated. At Forward Motion Insurance, we're here to help!

Is Boat Insurance Necessary in Texas?

Like many states, Texas does not actually require boat owners to have insurance on their vessels. But that does not mean that boat insurance isn't a necessity. As a state with many registered watercraft (and unfortunately there are a lot of unregistered boats in the water too), accidents also run high.

Boat accidents can be extremely costly in terms of watercraft repair and replacement, and that's not even considering potential medical costs.

Basically, the right boat insurance policy will give you peace of mind and reduce your risk of financial ruin should an incident occur while you are out on the water. If you're like most boat owners, you've probably already invested a lot into your purchase. Why risk losing it all?

Other Considerations

While boat insurance itself may not be required by law, it may still be mandatory for you in certain situations. If you are financing your boat, for example, your financial lender will most likely require you to present proof of insurance in order to keep your account valid.

Likewise, if you are planning on using your boat on private property (such as at a country club lake), you may also be asked to show proof of insurance before proceeding.

Getting Coverage

Boat insurance is not necessarily a "one size fits all" type of deal. At Forward Motion Insurance, we will help you find a policy that is best suited to your type of boat and the ways you intend to use it. Get in touch with us today to learn more about your coverage options!