Fishing/bass boats, pontoons, runabouts, ski/wake boat cruisers, houseboats, sailboats, personal watercraft (PWC), boats/yachts up to $3,000,000 in value. If you don’t see your boat listed, ask us. We will find a market for it.
Know Your Boat Insurance Coverage
What can my Boat Insurance cover?
- Hull & Trailer
- Comprehensive and Collision
- Medical Payments
- Fishing Equipment
- Personal Effects
- Wreck Removal
- Environmental Damage
What is likely excluded from my Boat Insurance?
- Wear and Tear
- Intentional Acts
- Business & Charter use
Content is for educational purposes only and is not an offer of coverage. Please read and understand your specific policy coverage and exclusions.
Novallus Insurance Tips
What to consider when selecting your coverage.
- The loss settlement choice between Actual Cash Value / Agreed Value / Total Loss Replacement.
- Coverage for Personal Effects / Fishing & Water Sports Equipment / Permanently Attached Equipment.
- On-Water Towing & Roadside Assistance so you aren't stranded.
- Mechanical Breakdown Coverage for the engine and lower unit.
- Liability coverage for Environmental Damage and Pollution Cleanup.
After a long trip to Texas, John made it back to Minnesota and was ready to enjoy his new Mastercraft wakeboarding boat on Lake Minnetonka. When the weekend had come to an end, John secured his boat in the slip. Having such a great weekend on the lake, John was already thinking about boating again next weekend.
Well, what happened later that night would alter John's plans.
Let's fast forward to Monday morning. John is sitting at work when his phone rings. John reaches into his pocket and sees a number he recognizes, but isn't programmed into his phone, so he answers it.
"Hello", said John.
"Hi, John, this is the marine manager on Lake Minnetonka. I'm calling to let there has been an issue with your boat. As you may already know, late Sunday night we had one of those Minnesota storms that came from out of nowhere." John started getting nervous, hands sweating and that sick feeling started to fill his stomach.
"Well, the surge from the storm flooded the boat, which caused the bilge pump to become overwhelmed and caused your boat to sink. You'll need to make arrangements to get your boat recovered from the bottom of the lake."
Feeling overwhelmed and devastated, John called his insurance agent from Novallus Insurance Brokers.
As John described what had happened, Tom, John's insurance agent, promptly put a plan into action. Tom was able to get John connected with a recovery service to get the boat towed to the nearest access and sent an adjustor out to view the damage. The boat was a was a total loss, but John was covered. Novallus Insurance Brokers sent a check for the amount he paid for the Mastercraft that week.
John was able to find a Malibu boat that would replace his Mastercraft the following weekend.
Summer wasn’t a bust after all!
A lot of things went right with this claim. It didn’t happen by accident. We spent time with this client up front to understand his needs. After we had a grasp on his intentions we recommended a suitable insurance solution. If you think all boat insurance is created equal, you’re at the wrong place. We know there are vast differences in boat policies. That’s why we’re independent and offer you the power of choice.