Boat Insurance
Boat Insurance Basics
Boat insurance is designed to protect boat owners against financial losses in case of accidents. A standard boat policy typically covers liability, which is injury and damage you cause to another. Your policy can also be designed to cover damage to your own boat, equipment, and accessories (such as trailers and fishing gear).
The cost, known as the premium, can vary greatly depending on the coverage you choose, the kind of boat you own, and how you use it. We can help keep the process simple by explaining the coverage, generating quotes from multiple insurance companies, and offering our advice. Contact us to get started.
Boat Insurance Coverage
Watercraft Liability
Covers bodily injury and property damage that you cause to another party in a boating accident.
Collision
Covers physical damage on your boat that is caused by a collision with another watercraft or object.
Comprehensive
Covers physical damage on your boat caused by something other than a collision.
Uninsured / Underinsured
Covers bodily injury that you sustain in an accident with a boater that has too little or no coverage.
Medical Payments
Covers medical expenses that you sustain in a boating accident, without regard to fault.
Fishing Equipment
Covers lost, damaged, or stolen fishing equipment that you keep on your boat.
On-water Towing
Covers the cost of towing your boat back to shore if it becomes disabled on the water.
And Others
While the above are common, there are many additional coverage options available.
Watercraft We Cover
Discounts
Boat Insurance FAQ
The cost can vary greatly depending on a number of factors, such as the value, length, and power of the boat, where and how it’s used, and the coverage selected. The average annual premium in MN for a typical boat ranges from $250 – $500.
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