Boat Insurance Requirements in Montana

One of the biggest reasons people might not purchase boat insurance is the misunderstanding that boats are covered under their home insurance policy.

While your home insurance policy may provide very limited coverage to smaller boats, the general rule of thumb is most large items that have their own specific type of insurance available to them can only be covered by that specific insurance. So, if you have a boat, your best bet is to have it insured with boat insurance.

If you opt to purchase liability coverage for your boat, you might want to take a look at the state's minimum requirements for private passenger vehicles as a guideline:

• $25,000 for bodily injury/death of 1 person in an accident
• $50,000 for bodily injury/death of 2 or more people in an accident
• $10,000 for property damage in an accident