WEDNESDAY, MARCH 29, 2023
If you own a boat in Texas, you may wonder if boat insurance is required by law. The short answer is that Texas does not require boat owners insurance. However, just because it’s not mandatory doesn’t mean it’s not a good idea. Foregoing boat insurance could leave you vulnerable to various risks, including financial responsibility following an accident or loss.
Does Texas Require Boat Insurance?
While Texas does not require boat insurance, certain marinas and lenders may require you to have it. If you plan to use your boat at a marina, check with them to see if they have any insurance requirements. If you took out a loan to purchase your boat, your lender may require you to have insurance as part of your loan agreement.
Why Is Boat Insurance Important?
Even if you’re not required to have insurance, it’s a good idea to consider purchasing it. Boat insurance can protect you, your passengers and your boat in an accident or other incident. It can cover damages to your boat, injuries to you or your passengers, and liability for any damage you may cause to other boats or property. 
One thing to keep in mind is that not all boat insurance policies are created equal. Make sure you do your research and find a policy that meets your specific needs. Some policies may only cover certain types of damage or incidents, while others may have exclusions or limitations you must be aware of.
How Much Is Boat Insurance?
When shopping for boat insurance, consider factors such as the size and value of your boat, how often you use it and where you typically take it. These factors will affect the overall cost of a boat insurance policy. You may also want to consider additional coverage options, such as towing and salvage coverage, which can be helpful if you break down or get stranded on the water.
How to Get Boat Insurance
Although boat insurance is not required by law in Texas, purchasing it to protect yourself and your boat in case of an accident or other incident is still a good idea. Contact Insurance Discounters of Texas for help finding a policy that meets your needs.
This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.
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It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional
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