When is Boat Insurance Needed?

Owning and operating a boat can a very fun activity, particularly during the warm summer months of the year.  For those that are in the Albertville, MN area, buying a new or used boat is a big decision.  Since it is such a big investment, getting insurance on the boat may be a necessity.  There are several reasons why having a qualified boat insurance policy is necessary for you.


One of the main reasons why you should get boat insurance is that owning and operating a boat comes with a lot of liability.  Whenever you take your boat into the water, you are taking on responsibilities for all passengers, other people in the water, and any personal or public property nearby.  If you happen to get into an accident, you could be found liable for all of the damage.  Having a liability policy in place will provide you with coverage in the event you are found liable. 

Property Coverage

Another reason you need boat insurance is that it is an expensive asset that needs to be properly covered.  Buying a boat is always a big purchase.  If you have an insurance policy on the boat, you will receive coverage and reimbursement in the event it is stolen, damaged, or involved in an accident.  Having insurance on the boat is also likely a requirement if you took a loan to purchase the boat.  In these cases, you will likely need to have coverage equal to at least the balance of the loan. 

If you are trying to better determine your boat insurance needs, contacting the Pizano Insurance company is a great option. Pizano Insurance can help Albertville, MN area residents determine if they need boat insurance and how much coverage is necessary.  They can then help anyone get into a policy that meets their needs. 

3 Tips for Getting Commercial Insurance in Albertville MN

If you have invested time, energy and money into opening a business in Albertville, MN, the last thing you want to do is leave it unprotected. This is why purchasing the right type of commercial insurance from Pizano Insurance is so important. 

With the right protection, you can secure your business from lawsuits, disaster and more. Learn about how to buy the right policies for security and protection here. 

1. Bundle

If you are currently working with an insurance company for other policies, such as homeowner’s insurance or auto insurance, consider going to them first. In many cases, the more policies you have with the same company, the more you can save. 

Keep in mind, not all insurance providers offer this, so be sure to find out first, after all, you want protection, but you don’t want to pay too much for that protection. 

2. Compare Quotes

Before jumping on the offer given by your existing insurance provider, make sure to gather quotes from several companies. Doing so will let you compare the coverage options and find the one that best suits your needs. 

Remember, there are several different types of insurance needed for commercial spaces, so be sure to consider this when gathering quotes from various sources. 

3. Work with a Reputable Agent

The best thing you can do when it is time to purchase commercial insurance in Albertville, MN is to work with a reputable agent. They will be able to review what you need and then work on your behalf to help you find the best policies. In the long run, this alone can help you save a significant amount of money. 

If you are interested in purchasing commercial insurance, be sure to contact the team at Pizano Insurance, where you can find out more about the process.