Watercraft insurance is an insurance policy that covers boats and other watercrafts, such as jet skis, yachts, and pontoon boats. It provides protection against physical damage to the boat or other watercraft caused by collision with another object, fire or theft.
There are many types of boat insurance policies available in Texas. For example, some policies cover only certain types of boats while others cover all types. Some policies have a deductible amount which will be paid by the policyholder every time there is a claim made on their policy. This deductible can range anywhere from $500 to $10,000 and it would be wise to find out what your deductible is before purchasing a policy.