Although it’s only February, before long we’ll be enjoying bluebird mornings and bright sunny days here in the land of 10,000 lakes. If you’re like many Minnesotans, you’re looking forward to taking your boat out for plenty of fun in the sun once the warm season arrives.


Even though summer is a few months away, it’s a good idea to start planning now so you’re ready to go when the warm weather hits. One of the most common mistakes boat owners make is waiting until summer arrives to make sure their boat is good to go. And too often, they make the crucial mistake of heading out without making sure they’ve got the right boat insurance policy.


At Value Plus Insurance, we help Minnesota and Wisconsin boat owners find the right protection before they head out on the water. Here’s what you need to know about updating your boat insurance this year.

Year-Round Protection

It might be tempting to only insure your boat when you’re using it and drop your boat insurance once your boat goes into storage for the season. Although this might seem like an easy way to save a few bucks, it could actually end up costing you more in the long run. Just as it’s important to keep your car insurance even when you’re not driving, it’s better to stay on top of your boat insurance.


To understand why, take a look at boat lenders. There’s a reason lenders require boat owners to keep their boats insured throughout the year and not only during the boating season. Even when your boat is stored in dry dock, the risks of theft, vandalism, and fire are still just as likely as if your boat was on the marina.


Another common mistake boat owners make is in thinking their homeowners insurance will be enough to cover their boat if it’s damaged while parked at home. The truth is that homeowners insurance offers very little in the way of protection and is no substitute for comprehensive boat insurance.


When shopping for boat insurance, coverage on these areas is just as crucial as a good boat insurance price:


●        Comprehensive Coverage: Comprehensive coverage protects the boat owner if their boat is vandalized, stolen, or otherwise damaged outside of a collision.


●        Property Damage: What will your insurance pay if your boat causes damage to another person’s property? Find out what your insurance liability pays if your boat should cause property damage to another person’s dock, boat, or another type of property.


●        Collision Damage: Collision damage pays for your boat to be replaced or repaired if a collision occurs.


●        Injury: What if someone is injured in a boating accident? If this occurs, injury coverage pays for their medical expenses and any related loss of income.

Update Your Minnesota Boat Insurance Today!

If you plan ahead, you can be ready to make the most of our beautiful lakes this summer. Call Value Plus to discuss boat insurance prices and coverage at 952-435-0550. Or contact us online for convenient virtual service! We look forward to working for you as your preferred boat insurance company!