Boat Insurance

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The importance of boat insurance

Boat insurance can protect you from physical damage caused by accidents, but it also provides liability coverage in case you hurt someone or cause damage to another person’s property. Without it, a relatively minor accident could end up costing you tens of thousands. At Scheff Insurance, we’ll explain your coverage, why it’s important, and help you find great rates by automatically comparing quotes from up to 20 top insurance companies. Contact us or get quotes to get started.

Boat insurance - a boat on the water viewed from above


Custom boat insurance plans

Get a watercraft insurance plan customized to meet your needs. There are many coverage options available. We’ll help you figure out what coverage to consider, what it means, and why it’s important.

Watercraft Liability

Covers bodily injury and/or property damage you cause to another party with your boat.


Covers physical damage to your boat caused by a collision with another watercraft or object.


Covers physical damage to your boat caused by something other than a collision, like weather damage.


Covers bodily injury you sustain in an accident with a boater that has too little or no insurance.

Medical Payments

Covers medical bills for you or passengers that are injured in an accident, without regard to fault.

On-Water Towing

Covers the cost of towing your boat to shore if it becomes disabled on the water.

Fishing Equipment

Covers lost or stolen fishing equipment, like rods and reels.

And More

There are even more optional coverages that might be right for you.

Common questions

Is boat insurance required in Minnesota?

Boat insurance isn’t required by law in MN (as of Dec 2022). That being said, it’s always a good idea to discuss insurance options with a professional before deciding on coverage. Premiums are often quite affordable and the cost of an accident without insurance can be devastating.

Protect all you hold dear