Personal Watercraft Insurance

You likely know that if you own a boat, you need to insure it. But did you know that any other type of personal watercraft you own also needs coverage? There are policies available for your summer toys so that you can feel secure out on the lakes. 

Being out on a lake is a time-honored part of Minnesota summers. But accidents happen, and water collisions can be particularly harrowing. Make sure you have adequate insurance coverage in place before you hit the lakes.

If you’re wondering how much coverage you need for your Jet Ski or WaveRunner, the friendly team at Lake Region Insurance Agency can help. Stop by any of our local offices in New London, Willmar, and Cokato, MN. We can do a complimentary insurance review to make sure you have the best premiums and the best coverage for your summer lakeshore fun.

Why Should I Have Insurance for a Personal Watercraft?

Many people assume they already have coverage for their watercraft under other policies they own. Though your homeowners insurance policy may provide some protection for personal watercraft (PWC), the coverage limits for both damage and liability are typically low. To avoid costly gaps in insurance coverage, it’s best to secure a separate policy for all personal watercraft.

A dedicated personal watercraft plan can cover:

  • Property Damage
  • Guest Rider or Passenger Liability
  • Medical Expenses
  • Bodily Injury
  • Theft

Is a Personal Watercraft Policy Expensive?

Lake Region is an independent agency, so we have the freedom to shop the market for you. Since we are not limited to one company, we can search for the best deal on PWC insurance. We also offer multi-policy and multi-line discounts to help you have peace of mind at a price that fits your budget.

As with other kinds of property insurance, your premium will depend on several factors. Underwriters for PWC policies examine:

  • The age of the watercraft
  • The condition and value of the watercraft
  • The engine size and the maximum speed of the watercraft

In addition, the level of coverage and deductible you choose will also impact your premium. A low deductible generally gives you a higher premium and vice versa. Our Lake Region agents can make sure you get the coverage that makes sense for your needs.

Choose the Best Coverage with Lake Region Insurance Agency

At Lake Region, we understand and enjoy the water culture of our state. Getting out on the local lakes for sailing, boating, and motoring is a treasured part of life in Greater Minnesota.

Our agents have superior experience in finding the policies that protect your Minnesota lake-loving lifestyle, and we work to protect you and your property year-round. We’ve been providing reliable coverage and fair, prompt claims service to our neighbors for over 50 years.

When you’re looking for an insurance provider who understands what it means to live, play, and work in Greater Minnesota, give us a call for a free consultation. We’ll take a look at your existing coverage and provide you with the best rates possible for your personal watercraft and more.

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