Boat Insurance Minnesota — Frankot Agency
Boat Insurance
Enjoy Minnesota's 10,000 lakes worry-free.
Minnesota is the Land of 10,000 Lakes — and Frankot Agency is here to make sure you can enjoy every one of them. From fishing boats to pontoons to personal watercraft, we have coverage built for Minnesota boaters.
What's Covered
Watercraft Coverage on Every Lake
Physical Damage
Covers your boat, motor, and trailer against collision, fire, theft, vandalism, and weather damage.
Liability Coverage
Protects you if you're responsible for injuring someone or damaging another vessel or dock.
Medical Payments
Covers medical expenses for you and your passengers if injured in a boating accident, regardless of fault.
Uninsured Watercraft
Covers your injuries and damages if you're hit by a boater who has no insurance.
On-Water Towing
Pays for emergency towing if your boat breaks down on the water — a must-have for Minnesota lake days.
Trailer Coverage
Extends protection to your boat trailer while in transit and in storage during the off-season.
Why Frankot Agency
Local Expertise,
Personal Service
As an independent Minnesota insurance agency, we work for you — not the insurance companies. That means we shop multiple carriers to find you the best coverage at the best price.
- Specialized coverage for Minnesota's lake and river conditions
- Policies for fishing boats, pontoons, sailboats, and personal watercraft
- Agreed value vs. actual cash value options
- Seasonal storage discounts during Minnesota winters
- Bundle with home or auto for multi-policy savings
- Fast claims support when you need it most
Common Questions
Frequently Asked Questions
Is boat insurance required in Minnesota?
Minnesota does not legally require boat insurance, but many marinas and lenders do. More importantly, a single accident on the water can result in significant liability — boat insurance is strongly recommended for any watercraft owner.
Does my homeowners insurance cover my boat?
Some homeowners policies provide limited coverage for small boats (typically under 25 hp or under a certain value). However, this coverage is usually insufficient for larger vessels. A dedicated boat policy provides much broader protection.
Am I covered on all Minnesota lakes?
Most boat insurance policies cover you on all inland waterways in the U.S. and Canada. Be sure to check your policy for any geographic restrictions, especially if you plan to boat on the Great Lakes or in Canada.
What happens to my coverage during winter storage?
Many carriers offer reduced-rate coverage during the off-season when your boat is in storage. Your physical damage coverage typically remains in place, but liability coverage may be suspended. Ask your Frankot agent about seasonal options.
Ready to get covered?
Talk to a local Minnesota agent today — no pressure, no obligation.