While boat insurance isn’t mandatory in Texas, you need to carry one from David King Insurance Services LLC to protect you and your boat. Additionally, even though you are carrying home insurance, it only protects your boat for a limited dollar amount. In light of this, you need boat insurance in Coppell, TX for the reasons below.
Liability coverage
Suppose you cause damage to other boats, docks, or other structures. You will be faced with substantial property damage costs. The same case applies if you cause bodily injury to other persons while using your boat. Boat liability coverage pays for legal costs, medical expenses, and property damage for losses and damages caused to third parties.
Physical damage
The comprehensive and collision boat coverages protect against perils like collisions, theft, vandalism, falling objects, hails, and other covered risks that may damage your boat.
However, when purchasing boat insurance, be sure you understand the difference between replacement and actual value. The replacement cost policy pays to replace or repair your boat to its original condition without factoring in deprecation. On the other hand, the actual value policy pays for repairs or replacement less the depreciation value.
Medical coverage
With the personal injury protection (PIP) coverage, you and your passengers’ medical costs are covered, regardless of who caused the accident. Additionally, this coverage pays for final expenses and partial loss of wages resulting from a boating accident.
Other coverages
Depending on the add-ons you incorporate in your boat insurance, you can get the below additional coverages.
- Protection from uninsured/underinsured boaters: Given that boat insurance isn’t mandatory in Texas, many boaters don’t carry watercraft insurance, putting you at risk.
- Emergency assistance: With this add-on, you get services like gas delivery, towing, and battery jumpstarting when your boat is disabled in the water.
- Personal effects coverage: Protects your items in the boat in case of damage or theft.
Are you ready to get started with boat insurance? Please contact David King Insurance Services LLC of Coppell, TX today for all your boat insurance needs.
