Boat/Watercraft Insurance in Minnesota

At SouthPoint Insurance Agency LLC in Willmar, MN, we instinctively understand the needs of Minnesota residents. This is especially true when it comes to boat and watercraft insurance policies. Several common misconceptions surrounding these policies must be debunked so that our clients can make a more informed choice. This guide sheds the necessary light and points you in the right direction.

Specifics Are Crucial

Don't make the mistake of assuming that all boat and watercraft insurance policies are the same. It is important to know that these policies are typically built around personal watercraft, while commercial watercraft come with vastly different requirements. Personal watercraft policies are designed to cover the specific issues that tend to arise on the waters, and that is why a policyholder will also want to make sure that they are well-versed in liability limits, which can also vary.

Insurance Is a Must

While boat and watercraft insurance is not required by law in the state of Minnesota, going without is not advisable in any instance. The exact type of coverage that will be necessary will depend on the boat's size. An experienced insurance agent will be able to align you with the coverage that works best for the boat or watercraft in question.

Check Your Policy Closely

Does the policy provide coverage, even if the boat or watercraft has been lent to someone else? What are the applicable laws and policy languages? Which coverage is truly optional, and which coverage is most necessary? In addition to checking your policy closely, these are questions that your insurance agent needs to ask before signing on the dotted line.

Do you have any additional questions about a potential boat and watercraft insurance policy? If so, allow our experienced professionals at SouthPoint Insurance Agency LLC in Willmar, MN to help you. We are here to help Minnesota residents zero in on the best policy for them as quickly and efficiently as possible.