Watercraft Insurance In Killeen, TX

by Administrator 20. May 2016 12:54

If you own a boat, it is imperative that you invest in a comprehensive insurance policy to protect yourself from financial losses in case of a theft or accident. Though watercraft insurance is not a legal requirement in all states, you must buy a policy that covers any sort of damage to your boat. Researching a good number of insurance plans offered by insurance carriers in Killeen, TX and comparing the coverage options can help you make an informed decision. 

Listed below are some common watercraft insurance coverage options:

  • Bodily Injury Liability: It covers any injuries incurred in a boat accident caused due to your fault. The policy will pay for the medical bills, lost wages and other financial losses of the other party as well as your fellow passengers.
  • Property Damage Liability: This coverage provides protection in case your boat causes damage to others’ watercrafts or boating equipment. Depending upon the coverage limits of your policy, it will recompense the total cost of damages.
  • Physical Damage Coverage: It  covers the repair cost of the boat’s machinery, furnishing, sails and other attached structures in case of an accident, weather damage, vandalism etc.
  • Uninsured/Underinsured Boater: If you are involved in an accident with a boater who is not insured or does not have sufficient coverage, your watercraft insurance will pay for the damages. These may include your medical bills, lost wages, boat repair costs and other expenses incurred due to the accident.
  • On-Water Towing: Under this coverage, you can avail towing services in case your boat breaks down or gets stuck in the middle of the water due to insufficient fuel, mechanical failure or a collision. 
  • Fishing Equipment: The insurance policy will also cover any loss or damage to your fishing rods, scuba gear, reels, tackle boxes, mobile phones and other personal belongings on the boat.
  • Fuel Spill And Wreckage Removal Coverage: This includes the cost of cleaning up a fuel spill if your boat sinks or gets damaged in water. The coverage also pays for the removal of debris of a sunk watercraft.
  • Total Loss Replacement: If your boat is completely damaged, the insurance policy will cover the cost to buy a new boat. The coverage amount will be provided according to the current market value of the same make and model.

If you are looking for a comprehensive watercraft insurance in Killeen, contact Shawn Camp Insurance Agency, Inc. For details about the coverage options, call us at (254) 526 – 0535 or visit 2705 E. Stan Schlueter Loop, Suite 101, Killeen, Texas 76542.

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