Boat Insurance

Boat Insurance in Lubbock, Abernathy, and Surrounding Areas

Whether you are cruising in your yacht in the Bahamas or fishing off the Gulf of Mexico, know that Clark Riley Insurance is cruising right behind you!

We will make sure your boat has coverage for things such as personal effects for GPS Satellite Radio, fishing poles, towing coverage, and uninsured boat motorist. Ask us about extended coverages if you’re boat is outside the Lubbock, Abernathy, Plainview, Texas area!

Owning a boat or watercraft is a ton of fun – water and sun, memories and fun – but boat ownership comes with serious responsibilities, serious risks and liabilities. If you own a boat, you need to secure proper coverage to protect not only yourself, but also your family, your property and investment, too.

You’ve also got an obligation to others sharing the water with you. Suppose you were in an accident out on the water for which you’re judged legally liable for damages and/or injury to others. Could you pay it out of your pocket? Financial ruin becomes a real possibility, so don’t let it happen!

What Does Boat & Watercraft Insurance Cover

Typically, boat insurance policies cover the most common perils related to physical damage to the boat:

Sinking
Fire
Storms
Theft
Collision
Personal Injury

Standard boat and watercraft policies also provide reimbursement for damage to numerous items related to boating such as the boat itself and the motor too. Coverage can extend to the trailer deployed to tow the vessel to the water. The list of covered items also includes equipment permanently attached to the boat, along with anchors, oars, trolling motors, extra fuel tanks, tools, removable canopies, seat cushion, life jackets and preservers, skis and tow ropes, dinghies, and more.

Many watercraft insurance policies also cover labor costs for repairing and/or replacing the boat and any related equipment. Most standard boat insurance provide basic liability coverage. Texas law doesn’t require boat coverage, but the financial burden of damage or injury is incredibly high.

What Does Boat & Watercraft Insurance Cover?

Premium costs for a boat and watercraft policy will depend on the agreed-upon values of the policy, chosen deductibles, insurability, and other factors. In this way, boat insurance is very similar to other policy types.

Does Texas Require Boat Insurance?

Technically no. However, when you purchase your boat on a loan, the creditor will likely stipulate that you maintain boat coverage in the event of damage, theft, or injury. Many boat owners store their vessels at marinas or boatyards and facilities routinely require owners to carry a certain degree of boat insurance.

Contact Clark Riley Insurance for a Free Boat Insurance Quote

Clark Riley Insurance offers free, comparative quotes on personal boat and watercraft insurance from multiple insurance carriers, assuring you of the best possible rates. Want to see how much we can save you? For a free online boat insurance quote, complete the quote form on this page or call Clark Riley Insurance today at (806) 298-2591.