In the “Land of 10,000 Lakes,” as Minnesota is known, boat ownership just makes sense. Boating is a popular pastime in The Gopher State, as it is one of the top states in the country for boat registrations. If you own a boat, you know how much fun they can be, as well as the risk you take each time you hit the waves.
Part of boat ownership is protecting it and yourself against the unexpected. The right boat insurance can help keep your head above water when an accident tries to weigh you down.
Imagine anchoring your boat before a big storm blows through. High winds slam it into nearby rocks, capsizing your boat. You hire a crew to recover it only to find it cannot be repaired. If you had boat insurance, you could breathe a sigh of relief knowing your costs are covered. If not, you might find yourself with a big salvage bill and no boat–not to mention a loan balance if your boat was financed.
Boat Insurance in Minnesota
At Pentagon Insurance Agency, we make boat insurance as simple as possible. We can cover your boat, motor and gear, not to mention your assets if you cause injury to another boater. Whether you are a recreational boater or a competitive fisherman, chances are we have coverage that fits your needs. We can help find insurance for:
- Personal watercrafts
- Sailboats
- Fishing boats
- Ski boats
- Pontoon boats
- Cabin cruiser boats
- And more!
While your homeowners insurance will provide limited coverage for smaller boats, a stand-alone boat insurance policy may be required. A typical boat insurance policy provides coverage for:
Liability Coverage
This is coverage for any third-party claims and lawsuits brought against you as a boat-owner. It can provide medical payments to others when they are injured, as well as repairs to other boats or property damaged by your boat.
Collision Coverage
Whether you run into another boat or hit the side of a dam, collision protection helps pay to repair or replace your own watercraft. You can choose to insure your boat for its replacement value or its actual cash value.
Non-Collision Coverage
When you choose full coverage for your boat, you are choosing to protect it from nearly anything that could damage it. If lightning strikes your sails or your boat is stolen from its slip, full coverage can reimburse you for your losses.
Uninsured Boater Coverage
When another boater hits your boat, he is responsible for paying your medical and repair bills. If the other boater is uninsured, underinsured, or otherwise leaves the scene of the accident, uninsured boater protection will help pick up the pieces.
Salvage Assistance
When your boat sinks below the waves, somebody has to go in after it. Salvage assistance helps pay to recover your vessel if it capsizes.
Fuel Spills
You could be held liable for the cost of clean-up and environmental damages occurring when your boat leaks fuel, oil or other chemicals into the water. Fuel spill coverage can help provide liability protection for these types of clean-ups.
Recreational & Fishing Equipment
If your boat carries special gear, make sure it is covered by your insurance. While standard safety equipment like life jackets are often included in coverage, more expensive accessories like GPS devices may need a special listing on your policy.
Contact us today and let Pentagon Insurance Agency keep the wind in your sails with a free insurance quote for your boat.
