Texas · Boat
The homeowners policy is not the boat policy
Many HO-3 forms exclude or sharply limit liability for a boat you own, especially an inboard or a larger outboard, and they do not pay to repair the hull the way they pay to repair a wall. A boat policy is the contract that puts liability, hull damage, and often wreck removal in one place. The trailer is a separate question. Personal auto does not cover the hull, and the boat policy does not cover the trailer on the highway unless the trailer is scheduled.
Hull coverage is replacement cost or actual cash value, whichever the form says. Actual cash value is replacement cost minus depreciation. Wreck removal, when it is included, usually has its own sublimit. It is not the hull limit. If the boat is financed, the lender wants physical damage and to be named. That protects the loan. It does not pick your liability limit.
The product: boat insurance. The same guide in Spanish: guía de seguros para barcos. The house, so you can see what it is not: Texas homeowners. Above the boat: umbrella. The car, which is not the trailer’s hull coverage: Texas car insurance. On the water, not a coverage: Grapevine Lake. Texas service: Texas insurance.
