F.I.R.E. Leaders Financial Provides Boat Insurance in Eagan, MN

Boating can be a delightful pastime, but, like every outdoor activity, it comes with its own set of risks that could lead to unexpected financial losses. Boat insurance is specifically designed to cover perils commonly encountered while boating. At F.I.R.E. Leaders Financial Services in Eagan, MN, we can help you choose the insurance you need to shield your watercraft from a wide range of potential damage.

More Comprehensive Than Just Collision Coverage

Boat insurance policies generally cover incidents like collisions with other boats or landing equipment and damage from fires, vandalism, and even lightning strikes. A part of your policy covers liability for medical payments if you or a passenger is injured. It also covers liability in case an accident involves a person you’ve authorized to drive your boat. You can also opt for additional coverage provisions like equipment insurance or uninsured boater coverage.

Various Options in Boat Insurance

Insurance coverage also depends on how much you are reimbursed when an incident occurs. You can opt for coverage for the actual value of your boat at the time of the incident, based on its age and market value, or choose an agreed-upon value that lets you replace items at their existing value.

Avail the Insurance Coverage You Need For Safe and Responsible Boating

If you are new to boating or have extended your boating adventures, you might be uncertain about how much insurance you need and the availability of different types of coverage. We can provide you with detailed information, so you can be confident you have the right coverage for your needs. Contact F.I.R.E. Leaders Financial today for a quoted rate on boat insurance that can protect you against unexpected risks while boating.

Boat Liability Coverage

Boating accidents aren’t uncommon. Watercraft hit each other regularly and cause damage and injuries. When you’re found to be the party at fault for an accident, you will owe the other party for all of their damages. This can include medical bills, ongoing health expenses, lost wages, property damage, and more. These costs can be extremely expensive for most people. It can be hard to come up with all of these bills and cause you financial devastation. It’s important to have at least bodily injury liability and property damage liability coverage in your boat policy to protect yourself financially.

Other Boat Coverage

If you also want to protect yourself against damage done to your own boat, you will need a collision policy. Just as with auto insurance, this coverage protects your own watercraft against collision damage that needs to be repaired. And with boats, there’s also the chance of a sinking the requires the purchase of a new boat. Your boat policy can cover all of these needs after you’ve been in a boating accident.

Get Boat Insurance to Protect Yourself

Before you take your boat out, you need to make sure it’s insured. When you’re interested in this type of insurance coverage, call us at F.I.R.E Leaders Financial in Eegan, MN.