Boat and watercraft owners in Minnesota have a lot of options to choose from when it comes to insuring their watercraft. At Lake Central Insurance Brokers in Brainerd, MN, we offer watercraft insurance policies to meet client needs.

Although watercraft insurance is not technically required by law in Minnesota, those living in the state who own a boat should invest in a good insurance policy to protect their watercraft. Without any boat or watercraft coverage, an accident could cause a great deal of damage or even completely destroy a boat. Also, a boat accident could lead to injuries that create large medical expenses.

When you’re shopping for the right watercraft insurance policy, there are numerous factors to keep in mind. You need to work out your budget and make sure that the premium payments will be affordable for you. You also need to specify what type of watercraft you own to your insurance provider.

There are some unique aspects of watercraft insurance that policyholders need to be aware of. For one thing, this type of insurance is sometimes only applicable within a particular navigational area. Watercraft owners who take their watercraft too far offshore or too far from their home location need to understand if there are any navigational area limits to their policy.

Boat insurance can include a variety of different types of coverage. One of the most important types of coverage is liability coverage. This will protect the policyholder for being liable for expenses that result from damage that his or her watercraft causes. Other important types of boat insurance that are important to invest in are physical damage coverage, agreed value coverage for the watercraft itself, medical payment coverage, and fuel spill liability coverage.

To explore your watercraft insurance options, get in touch with us at Lake Central Insurance Brokers in Brainerd, MN. We have numerous policies and coverage options that Minnesota boat owners can choose from.