Aussie Agencies

1249 W Larson Sr, Suite A
Knoxville, IA 50138

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Boat/Watercraft Insurance in Iowa


Owning a boat in Knoxville, IA or anywhere around the state is a great way to enjoy fun pastimes out on the water with your loved ones whenever you like. However, it is also a significant investment that deserves insurance protection. While there are no laws in the state of Iowa that require you to have boat insurance, it would still be foolish not to have it. You never know when an accident or emergency might happen, and you want to be prepared when it does.

When You Might Need Boat Insurance

Although Iowa doesn't require it, you might still need to have boat insurance, and not just for your own protection. For starters, you'll most likely need to have coverage if you took out a loan to buy your boat. Most lenders will require you to have insurance until you have completely paid off your loan. After that, it is up to you.

Depending on where you dock your boat when you are not using it, your marina may require you to maintain an insurance policy as a condition of docking your boat there. In most cases, they'll only require liability coverage, explained in the next section.

Boat Insurance Coverage Options from Aussie Agencies

Boat insurance functions similarly to car insurance, with the following components:

  • Bodily Injury Liability - This aspect of coverage applies to the medical bills of anyone who is injured in a boating accident.
  • Property Damage Liability - This component takes care of any damage to someone else's boat, the dock, or other physical property.
  • Collision - This coverage can help pay to fix your boat after an accident that is your fault.
  • Hull Coverage - This covers any damage to your boat outside of accidents, like due to a storm or natural disaster.

For more information on boat and watercraft insurance, get in touch with our team here at Aussie Agencies in Knoxville, IA. We'll help put together a reliable policy for your needs and budget.

Our Partners


  • American Specialty Express
  • Bristol West
  • CNA
  • Danish Mutual
  • Foremost
  • Grinnell Mutual
  • Hagertys
  • Hiscox
  • Kemper
  • K & K
  • Liberty Mutual Commercial
  • Marion County Mutual
  • MetLife
  • MFS Mutual Ins.Co.
  • Progressive
  • RPS
  • Safeco
  • State Auto
  • Stillwater
  • Travelers