Minnesota's numerous lakes provide plenty of opportunities to get out on the water for recreational purposes or business. However, there are potential dangers to owning and using a boat or watercraft. which should cause owners to take their insurance coverage seriously. A boat or personal watercraft is an important investment of both time and money, and owners need to have protection in case of accidents. Here are some essential pieces of information about insuring a boat or watercraft in Minnesota.
Boats need to be covered for damage to property or injury to people while the boat is in use. This is called liability coverage. Of course, there are many hazards on the water that can cause damage to your boat – collision, hidden objects. etc. Even when boats are stored on land, they can be damaged or destroyed from storms, fire, or criminal activity. Boat insurance can help owners make repairs or replacement when these accidents happen. For these reasons, boat owners should be covered in case any damage occurs.
Coverage options may vary greatly depending on the owner's personal needs. A small boat that is used for recreational purposes on a local lake will have different requirements than a large cruiser. Boats also have different kinds of electronics and equipment on them which can also be factored into coverage. All of these variables are significant reasons why a conversation with an agent can help determine your coverage options.
An experienced agent from Landahl Insurance Agency can speak with you today about getting the right coverage or updating your policy. Take a few minutes to protect your boat.
