Owning a recreational watercraft in Katy, TX makes warm days enjoyable as you soak up the sun and spend time on the water with family and friends. Like other types of vehicles, boat insurance includes liability coverage to protect you and your passengers in case of an incident while on board. The type of watercraft you own and how you use it can impact your risk profile. All Around Insurance Agency can help you determine the amount of liability insurance you need for your water activities.

Risks That May Require Additional Liability Coverage

While you may not think your boating activities require extra protection, certain situations can increase your risk. Consider these activities that may warrant additional liability coverage:

• Operating a high-performance boat capable of high speeds
• Boating in high-traffic lakes, rivers, or other waterways
• Frequently transporting your boat via trailer
• Docking at a marina
• Regularly entertaining passengers
• Engaging in water sports like water skiing
• Boating in unfamiliar waters or areas with high hazards

Lenders often require owners of high-horsepower speedboats to obtain additional liability protection due to the increased potential for accidents. Additionally, if you are a high-net-worth individual, you may want to consider extra liability insurance, as people are more likely to sue for injuries sustained on your boat—even if the injuries are minor.

How to Increase Liability Coverage for Your Watercraft

Many insurance carriers allow you to raise the liability limits on a standard policy up to $1 million. However, if you’re concerned about lawsuits, this amount may not be sufficient. Consider purchasing a separate umbrella policy with higher limits to provide additional protection in the event a lawsuit exceeds the limits of your primary policy.

Learn more about increasing liability insurance for your boat by contacting All Around Insurance Agency, serving Katy, TX. Call our office today to get started.