Boat/Watercraft Insurance in Texas

With today's technology, you don't have to be a millionaire or a prominent businessman in Midland, TX, to own a boat. Many Texas residents enjoy the adventure and recreation that comes with boat ownership. However, boats come with risks, and that's why you need to insure your vessel before entering the water.

At Ledford Agency LLC, we help customers find the best coverages for their boats based on budget, style, and preference. Feel free to engage us with questions, and we will be happy to respond.

Boat insurance basics

If it is your first-time buying boat insurance, it is essential to understand that homeowner's insurance only covers small non-motor boats. If your watercraft has an engine, you need to buy full coverage to protect yourself and other boat users. Most boat insurance providers in Midland, TX provide primary coverage for loss or damage. They also offer additional options depending on your budget and needs.

What is covered

While boat insurance policies vary from one provider to another, there are a few basic coverages that you can expect to be offered by all insurance companies. These include:

• Liability coverage
• Physical damage
• medical payments

If the above three coverages are not adequate, you should consider adding other optional coverages to boost your safety, especially if you spend most of your time in the water. Some of the optional coverages include:

• Guests passenger liability
• Trailer boat accessories
• Towing
• Loss of personal items

Factors affecting boat insurance rates in Texas

Bost insurance is not a one size fits all kind of coverage. Insurance providers use different methods to calculate your premiums. These criteria are based on several factors that your insurer will record about you. They include:

• Size of the boat
• age of the boat
• value
• where it will operate
• speed
• primary residence.

Boat insurance comes with benefits that help the policyholder to save and have some peace of mind. If you own a boat that you have not insured yet, Ledford Agency LLC is here to help you walk through the insurance process. Feel free to contact us today.