Don’t set sail without boat insurance. Ontario is home to some of the best lakes and waterways in the world. Whether you are going fishing, enjoying some water sports, or just cruising on the open water, get peace of mind in knowing you have protection with boat insurance coverage.
At ThinkInsure, we can help you find a flexible and custom boat insurance policy to meet your needs. Whether you have a small boat or need high performance boat insurance, we can help. Get coverage for all types of boats from the best boat insurance companies. Without coverage you could run into a boatload of issues. Get coverage for your vessel. Do a boat insurance quote comparison today!
Boat insurance covers you in the event of damage or loss. It provides you with coverage of all types of watercrafts and vessels. Boat insurance policies are all risk policies. This means you are covered for all risks unless they are excluded from your policy. This coverage is also commonly referred to as watercraft insurance, or PWC insurance.
Boat insurance is not mandatory. You are not legally required to have boat insurance in Ontario. However, there are some instances where you may need to get a boat insurance policy. For example, if you finance a boat, your lender many require you have coverage. Or if you store your boat at a marina, they may require you have insurance.
Get coverage for all types of watercrafts, including the following :
Boat insurance rates vary based on a variety of factors. Some of the key things that affect the cost of a policy are the boat size and horsepower. The navigational range, experience of the operator, insurer and coverage limits also affect cost.
The average cost of boat insurance can range anywhere from $300 to $1000 or more. Get a quote for your boat to better understand the average rates for your unique situation.
Boat insurance coverage protects you, your boat and personal belongings against loss from many risks. Most policies include liability coverage which includes protection for your passengers and liability for water sports activities. Damage to furniture, the hull, sails, and machinery are generally covered by boat owners insurance.
Here is what most boat insurance policies cover :
Boat insurance policies do have some exclusions. It’s important for you to understand the type of things that are not part of your policy. Here is what you do not have coverage for :
Policies differ. Get clarification from your insurer about what is coverage is not included.
There are a number of ways you can lower your boat policy rates. Here are some ways to get the best price for boat insurance:
At ThinkInsure, we know you want to spend your time enjoying the open water. We’ll help you get the policy you need to protect you and your vessel.
Boat and marine insurance coverage is similar. The main difference is marine insurance is for commercial boats. Boat insurance is for personal watercrafts.
Learn more about boat insurance coverage. Check out these common questions about boat and marine insurance policies :
Threats to your boat exist all the time, not just when it’s in the water. In the offseason there is damage risks from weather, vandalism, and more.
A boat is a big investment. Boat insurance helps you protect it. You’ll have peace of mind when out on the water. Plus, you’ll have coverage if someone is injured or property gets damaged.
The cheapest boat insurance is not based on a specific boat insurance provider. Costs vary based on your vessel type and many other factors. Compare boat insurance quotes to find the cheapest rates for your unique situation.
You may be able to get boat coverage in your Ontario home insurance policy. However, the coverage is minimal and does not cover all risks.
Your auto policy can help cover costs of boat damage if you are hauling it. Speak with your insurer to clarify what and how much coverage you have.
Your boat insurance policy will coverage physical damage to the trailer. It will not cover you for liability. If your trailer causes damage to another vehicle, your Ontario car insurance policy will take effect.
It depends on the age of your boat and your insurer. Older boats may be required to get a survey annually.
Yes, your boat policy will include coverage for storm damage unless it’s specifically excluded in your policy.
Yes. You have theft coverage as part of your boat insurance policy.
Yes, the marina does not cover your boat. You will need insurance to cover and damage or loss when your boat is in storage at a marina.
Discover why Ontario water goers are turning to ThinkInsure for their watercraft insurance needs. Cheap boat insurance quotes online are only a click away.