Three things you might not know about boat insurance

Boat owners need to be informed about boat insurance. There are a few things that you might not already be aware of when it comes to boat insurance in Whitesboro, TX. At SWH Insurance Agency LLC, we can help you to navigate the complexities of boat insurance.

The following are three things you might not know about boat insurance:

Hurricane coverage is not always automatically included in boat insurance policies.

Hurricane coverage is an important type of coverage to have for boat owners who live in an area of the country where hurricanes are common. However, hurricane coverage is not typically included in standard boat insurance policies.

If you want coverage for hurricane damage to your boat, you may have to purchase such coverage as an add-on policy feature. 

Boat insurance coverage is limited to certain waters.

The most important aspect of boat insurance to understand is the geographical limitations that it goes along with. Boat insurance policies usually specify that boat usage is only covered in certain waters.

You need to make sure that your policy will cover you in all of the waters in which you’ll be navigating. 

Boat insurance coverage offers only limited coverage for personal belongings.

If your personal belongings within your boat become destroyed in an accident, boat insurance will cover them up to a specific amount.

However, personal property coverage included in boat insurance is often fairly limited. You might want to invest in added personal property coverage if you keep especially valuable items in your boat. 

Give Us A Call

Let us help you find boat insurance. If you are a boat owner in Whitesboro, TX with questions about insurance, we’re here to help at SWH Insurance Agency LLC. Give us a call today so that you can get a policy quote.  

What happens if your boat is damaged while in the marina?

SWH Insurance Agency LLC is here for the boat owners in the greater Whitesboro, TX area. If you have questions about boat insurance, we are here to answer them! Don’t wait until you have an incident to get your insurance questions answered. We are here for you now!

Your boat’s been damaged in the marina: what happens next?

Owning a boat is a lot of fun, and it’s a perfect way to spend time with family and friends. Of course, there is also a lot of responsibility, and boat owners know how important it is to protect themselves and their crafts. 

Accidents out on the water aren’t the only way that your boat can be damaged. If your boat is damaged when it is in the marina, you will need to take a few steps. First of all, you will want to ensure everyone’s safety. Once your boat and passengers are out of direct harm, you’ll want to assess the situation.

When repairs are required, contact a boat repair company that is approved by your insurance carrier. If the issue is that your boat has been damaged due to vandalism or negligence, you will want to talk to the dock master right away about having them save any relevant footage from nearby security cameras. Calling the police to file a report should also be done in a timely manner for your protection. 

Give us a call today!

Whitesboro, TX area boat owners can rely on the SWH Insurance Agency LLC team for all of their insurance needs. If you have questions, or would just like to learn more about the boat insurance policy options that are available in our area, give us a call or stop by the office today!

Protect your boat with a comprehensive policy

You can rely on the team at SWH Insurance Agency LLC for all of your boat insurance needs. We are here to provide a variety of different types of insurance for our Whitesboro, TX community.

Protect your boat today

Many boat owners start out with a basic policy when they first get their boat. They may soon learn that such policies don’t always provide the coverage they need.

With a comprehensive boat policy, you can spend your time out on the water without having to worry that you won’t be protected. When your boat insurance policy is inadequate and you experience a loss, you may have to shoulder some of the financial burdens yourself. For example, if you are involved in an accident that causes injuries, and your liability coverage is exhausted, the remainder of the expenses may fall to you personally.

No one wants to have to come out of pocket for expenses that could have been covered with a more robust insurance policy. Now’s a great time to sit down with a local agent and learn more about the options available. There is a lot of joy that comes with owning a boat, but there is also a lot of responsibility too.

Make sure that you are protected in the event of an accident, theft, or vandalism by choosing an appropriate policy for your needs. Don’t you think you’ll feel better with a comprehensive boat insurance policy?

Is it time to upgrade your boat insurance policy?

SWH Insurance Agency LLC is here to help boat owners in the Whitesboro, TX area keep their crafts safe. If you would like to learn more about the boat insurance policy options that are available in our area, call or stop by our office today.

Types of Boat and Watercraft Insurance Coverage

How Much Coverage Do I Need for My Boat or Watercraft?

You’ve finally bought your dream boat and you’re ready to hit the open water! Often, the first question that hit most new boat owners after the first rush of emotions is: "How do I insure my new asset? Is my boat covered under my homeowner’s policy, or do I need separate insurance?" SWH Insurance Agency LLC serves clients in Whitesboro, TX and is here to answer all your boat insurance questions. 

The answer to both of the questions above is it depends. In Texas, most homeowner’s policies do cover damage to your boat, but only to a limited dollar amount. If you have a newer or more expensive boat, it’s wise to get a policy that will cover the full value of your watercraft in case of an accident or other damage. In addition, homeowner’s policies don’t cover liability, so at the very least you will need a separate liability policy to pay for medical bills and damages to other people’s watercraft. 

What Types of Boat and Watercraft Insurance Policies are Available?

In all likelihood, you’ll want to go beyond the bare minimum liability insurance required by Texas state law in order to protect your asset. Also, if you are financing or leasing your watercraft, your lender will have certain coverage requirements you’ll have to adhere to. SWH Insurance Agency offers several types of affordable, full coverage boat and watercraft insurance to make sure our clients are protected: 

  • General "All Risk" Policies An all risk policy is best for boats and watercraft under 27′ and covers a broad range of personal property damages, medical payments, uninsured boaters liability, towing and assistance, persona effects, and accessories. Normal wear and tear, scratches, dents, and manufacturer defects are typically excluded under this type of policy. When choosing an all risk policy, be sure to decide if you want an agreed value policy or an actual value policy. Agreed value policies cover the full cost to replace the boat on the day the policy is put into effect, which actual value policies cover the cash value of the boat at the time of the damage. In other words, coverage in actual value policies decreases over time with depreciation.
  • Yacht Policies You may not think of yourself as owning a yacht, but technically speaking any boat over 27′ is considered a yacht in the boating world. These policies offer all of the same categories of coverage as an all risk policy with higher limits and include additional coverages for larger boats that tend to cruise further and get exposed to more risks. Some examples of additional coverages provided by yacht insurance are hull insurance and replacement costs for partial losses. A yacht policy is a good idea for owners of larger boats who intend to sail longer distances. 

If all of this is beginning to sound too complicated, don’t worry! Contact SWH Insurance Agency LLC and we’ll have you out fishing, sailing, or boating in no time. Your insurance agent will go over all of your options with you and help you choose the right boat or watercraft insurance policy for your needs. 

We’re Moving!

Over the next couple of weeks we will be moving to our new location at 613 N Union here in Whitesboro. For our existing customers you can expect the same great service you have come to rely on with SWH. For those of you that are not yet with us, we will be having a ribbon cutting with the Chamber once we are settled and hope to see you there!

Why would a boat owner need boat insurance in Texas?

The hot summer months in Whitesboro, TX can make anyone want to find a cool way to beat the summer heat. People can do this here by getting a boat and enjoying all of the local lakes. If you decide to buy a boat here, you will need to insure it the right way. There are several reasons why someone in this area of the state will need to get boat insurance.

Insurance Protects Owner

People need to get boat insurance because it can protect the owner of a boat. A boat owner that invests in boat insurance will benefit in several ways. Those who have this coverage will enjoy the protection they receive for their asset and valuable liability protection. This way, you are covered if your boat is stolen or in an accident that results in damage. 

Insurance is Required

You would also need boat insurance because it could be required for you. Many boat owners will take out a loan when they try to buy the boat. If this is the case for you, your boat loan provider will want to know that you have proper insurance in place. This coverage is required as it ultimately protects their loan collateral. 

Boat owners in Whitesboro, TX need to make sure that they get proper insurance. If you are looking for a new insurance plan here, you should call the team with SWH Insurance Agency, LLC. All of the insurance professionals at SWH Insurance Agency, LLC understands the need to have proper coverage. We can help you build a plan to protect your boat and give you peace of mind. Contact our office to speak with an agent about your options.