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Types Of Boat Insurance

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Types Of Boat Insurance

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  1. Types Of Boat Insurance While buying a boat insurance, it is important to understand different types of insurance coverage. Bodily Injury It covers the expenses incurred due to injury that might be caused to persons other than the boat owner. Property Damage Liability It covers the cost for any property damage due to an accident where the insured boat is found at fault. Medical Payments This coverage provides financial assistance for injuries to boat owner and other passenger. Uninsured/ Underinsured Boat Coverage It covers the financial loss incurred by injuries and damages due to an accident caused by someone who has no or insufficient insurance to cover your losses. On-Water Towing The coverage pays for the costs of towing in the event of an accident or breakdown of machinery. Fort Hood National Bank www.fhnb.com TJ Mills Warrior Way Building 109, TJ Mills Boulevard, Fort Hood, TX 76544 Building 85006, Fort Hood, TX 76544 Clear Creek Road FHNB Cove Building 50005 Clear Creek Road, Fort Hood, TX 76544 210 Constitution Dr., Ste. A, Copperas Cove, TX 76522 Main Exchange West Fort Hood Building 91079 Clarke Rd., Fort Hood, TX 76544 Building 4250 Clear Creek Road, Fort Hood, Texas 76544 Insurance products are not insured by FDIC or any Federal Government Agency; are not a deposit of, or guaranteed by the Bank or any Bank Affiliate; and may lose value. Any insurance required as a condition of the extension of credit by Fort Hood National Bank need not be purchased from our Agency but may, without affecting the approval of the application for an extension of credit, be purchased from an agent or insurance company of the customer’s choice.

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