Boat Insurance Minnesota | Watercraft Coverage | Insurance Group™
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As an independent insurance agency, we are associated with over 50 top rated insurance companies that offer the products that most appropriately meet the needs of our clients. Contact us today for a FREE quote!
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Unlike a captive agency that only represents one company, we are an independent insurance agency allowing you the choice of company, policy, and pricing. Our team is staffed with proven professionals to help guide you through the quoting process. We find the coverages you need at the prices you want. Once you become a client we are committed to providing you with the quality service you expect.
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When you insure with us you have choices! Quote over 50 top rated insurance companies and choose the coverages you want and need when insuring your assets.
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We quote all of our companies to ensure we are finding you the coverage you want at the best price possible. Our team continues this effort by checking rates at each policy renewal!
Claims Service Team
Our service team is here to help! From start to finish we will guide you through the claims process and keep communications open to service you - our client.
Boat Insurance
If you own a boat, whether for personal pleasure or commercial use, having insurance is a must. Insurance provides coverage for any potential damage, theft, or liability that may occur on and off the water. But navigating through the sea of boat insurance can be daunting. To help you understand boat insurance, here the most common types of boat insurance coverages:
Liability-Only Watercraft Insurance: This insurance covers damages to other boaters or their property if the policyholder is at fault in an accident. It does not provide coverage for repairs or replacement of the policyholder's watercraft.
Physical Damage Watercraft Insurance: This insurance covers damage to the policyholder's watercraft from collisions, theft, fires, and other disasters. It also provides coverage for any medical expenses incurred due to an accident on the water.
Comprehensive Watercraft Insurance: This insurance provides liability protection as well as physical damage coverage for the policyholder's watercraft. It also provides coverage for loss due to theft, vandalism, and other non-collision events.
Boat Insurance Bundles: Some insurance companies offer bundled insurance coverage to cover boats, vehicles, or homes all at the same time. This type of policy can offer convenient coverage for policyholders who are looking to have all their insurance needs serviced by a single provider.
Yacht Insurance: Yacht insurance offers coverage for expensive, luxury boats typically valued at $100,000 to $1,000,000 or more, and these policies are typically customized to fit the unique needs of each yacht owner.
Personal Watercraft Insurance (PWI): PWI provides coverage for small watercraft such as jet skis and wave runners. It includes liability coverage, physical damage coverage, and any medical expense coverage that may be necessary in case of an accident.
Uninsured Boater Coverage: This is an additional type of boat insurance coverage available for those who want to protect themselves from damages caused by an uninsured or underinsured boater.
Boat Insurance Services
At Insurance Group™, our policies are tailored to meet the unique needs of each customer. We offer flexible coverage options, competitive rates, and exceptional customer service to ensure that our clients have the peace of mind they need to enjoy their watercrafts with confidence. We are able to provide insurance services for many types of watercrafts including:
- Yacht Insurance
- Sailboat Insurance
- Speedboat Insurance
- Jet Ski Insurance
- Pontoon Insurance
- Canoe Insurance
- Kayak Insurance
- Houseboat Insurance
- Fishing Boat Insurance
- Paddle Boat Insurance
- Jetboat Insurance
- Dinghy Runabout Insurance
- Flats/Bayboat Insurance
- Ski/Wake Boat Insurance
- Center Console Boat Insurance
- Total Loss Replacement Coverage
- Fishing Equipment Coverage
- And more!
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Minnesota boat insurance has unique seasonal considerations. Many MN policies allow you to lay up coverage during winter months to reduce premiums — but it's important to maintain property coverage year-round to protect against theft or fire while your boat is stored.
- Agreed value vs. actual cash value — agreed value policies pay the full insured amount with no depreciation deduction
- Lay-up periods — Minnesota boaters can often reduce premiums for off-season months
- Storage location — coverage may vary depending on where your boat is stored
- Navigational limits — check your policy for where you're covered to operate
Q: Does homeowners insurance cover my boat in Minnesota?
A: Most homeowners policies provide very limited boat coverage — typically only $1,000–$1,500 for a small boat. For any boat worth more than that, a dedicated boat insurance policy is essential.
Q: Is boat insurance required in Minnesota?
A: Minnesota does not legally require boat insurance, but many marinas and storage facilities require proof of liability coverage. Additionally, if your boat is financed, your lender will likely require physical damage coverage.
Learn More
With countless options and so much jargon to sift through, navigating the world of insurance can be daunting. But fear not! Our team of experts is here to help you learn more about insurance and the multiple companies and products available to you. View our Blog page to read more!
