Should I Buy Boat Insurance Even if It Isn’t Required?

If you enjoy the lakes and rivers in and around Austin, TX, you’re probably aware of the potential for unexpected boating accidents. While you might feel that nothing could go wrong on the waterways and boat insurance isn’t necessary, our agents at Southwest Insurance Center can explain the benefits of insuring your investment, protecting your financial security, and avoiding out-of-pocket payments with a boat insurance policy.

Understanding Boat Insurance in Austin, TX

Although the state of Texas doesn’t require boat owners to have insurance coverage, it’s advantageous to purchase a policy. With insurance in place, you can protect your investment in case your boat is damaged and safeguard your assets if you’re at fault in a boating accident.

What Boat Insurance Covers

If people aboard your boat are injured due to an accident you’ve caused, the liability portion of your insurance policy covers those injuries. If you’re sued, your insurance covers legal fees.

Medical expenses can arise when a boating accident occurs. Your policy covers these expenses, whether for you or others who were also injured in the accident.

While a homeowners’ insurance policy may cover damage your boat incurs in an accident, the amount the policy will pay is limited. Homeowners’ insurance policies do not include liability coverage. For coverage of medical payments, damages to others, or to cover damages to more expensive boats, you’ll need a separate policy.

Contact Us

Before embarking on your next boating adventure, contact our team at Southwest Insurance Center. Our agents know the benefits of securing boat insurance and will provide you with the information you need to decide on appropriate coverage and personal protection.

Will Motorcycle Insurance Offer Death Benefits?

When seeking motorcycle insurance, most riders primarily focus on ensuring their bike is covered in the event of an accident and that they can cover any costs for the other driver involved if a collision occurs. However, there are other considerations to bear in mind when purchasing motorcycle insurance. For instance, in the unfortunate event of a fatal motorcycle accident, will your motorcycle insurance provide financial support to your family? This is a crucial question for motorcycle riders. Let’s delve deeper into the role motorcycle insurance can play after a fatal motorcycle accident and how you can find the right policy with the support of us here at Southwest Insurance Center in Austin, TX.

Can Motorcycle Insurance Support Your Family After Your Passing?

Some motorcycle insurance policies include death benefits, which pay out a lump sum to your family after your passing. The death benefits portion of a motorcycle insurance policy stipulates that your family will receive money in the event of your untimely passing due to a motorcycle accident. The payout amounts vary by policy, and it’s also highly recommended to have a life insurance policy. The key detail to remember is that while some policies offer death benefits, they’re not automatically included. Researching your options before purchasing a policy is essential to ensure it will provide financial support to your loved ones.

Find Motorcycle Insurance With Death Benefits Here

Motorcycle riders need to get a policy tailored to their unique needs. Southwest Insurance Center in Austin, TX, makes finding the right policy for your situation easy. Compare quotes with us today, or contact us now if you have any questions!