Having boat/watercraft insurance is not a legal necessity in Minnesota. However, that does not mean that you don’t need boat insurance. It doesn’t matter whether your boat is a fishing boat or a speedboat. Your boat needs insurance even if you do not take it out often.
Having the correct type and amount of boat insurance gives you the confidence to enjoy your boating experience. At Selective Insurance Agency, our agents will work with you to find the boat insurance quote that is most appropriate for your needs. The following are some of our popular boat/watercraft insurance coverage options.
What happens if a boater with little or no insurance injures you or damages your boat? They may have no means to compensate you. Our uninsured/underinsured watercraft coverage helps you pay for medical bills, lost wages, and the costs of repairing your boat after such an accident. It keeps you from making the payments out of pocket.
If you get into an accident, fuel from your boat may spill into the water. The fuel is dangerous to marine life, and it is your legal duty to clean it up. The cost of cleaning up a fuel spillage can be high. Our fuel spill liability coverage option compensates you for the cost of cleaning it up.
In case of an accident, your boat may be totaled. The process of removing it from the water may be a long and expensive experience. Our wreckage removal coverage option helps you to pay for the cost of removing your boat from the water and disposal of it.
Our comprehensive coverage option protects your boat in case of accidents that do not involve a collision. The may include damage from vandalism, fires, or theft. It covers the boat but not personal belongings that you may have had on board.
Contact Selective Insurance Agency to get a new quote for your boat/watercraft insurance needs in Minnesota.