The main difference between these Texas boat insurance policies is how depreciation is managed. Having an “agreed value” policy, the insured and the insurance company agree upon the value of the watercraft. At the time of injury, the insurance carrier will pay up to this agreed amount despite the current value of your watercraft. This form of insurance can be more expensive upfront.

“Actual Cash value” policies base the boat’s worth upon its value in the time of this accident. The vessel ages. Typically, an insurance company will need an “actual cash value” coverage As the boat gets older. An agent out of Vos Insurance Agency can help you Determine which of those boat policies is ideal for you.