|
|
Boat Insurance Ontario | Marine Insurance Ontario
Welcome to insurancebroker.ca, your online source for boat, yacht, and marine insurance in Ontario.
Request a Boat Insurance Quote
When looking at insurance for your boat, you have two options. You can add the boat to your existing home insurance policy, or you can purchase a stand alone boat insurance policy.
Here are some things to consider...
- Insurance companies have limits as to the size, speed, and/or horsepower of the boats they are willing to insure under a home insurance policy so you may not be able to add the boat to your home insurance policy
- The basis of settlement on a home insurance policy for boats is usually actual cash value which is replacement cost less depreciation. A basis of settlement on a stand alone boat insurance policy is usually agreed value. A policy basis on an actual cash value settlement is cheaper but saving money can cost you.
- If you have a boating claim on your home insurance policy, it will count as a claim on the policy. Claims frequency is sometimes used as a reason for insurance companies to cancel or non-renew your home insurance policy. Once this happens, it is likely that your next home insurance policy will be very expensive with less coverage than your previous policy.
If you are looking for personal watercraft insurance, please visit our Personal Watercraft Insurance Centre.
The program provides insurance for most vessel types including...
- Sailboats
- Cruisers
- Runabouts
- Pontoons
- Jet Boats
- Fishing Boats
- Bass Boats
- House Boats
- Trawlers
- Classic Watercraft
Comprehensive coverage is available including...
- $2,000,000 liability and personal injury
- Multi-perils coverage
- Replacement Cost or Actual Cash Value
- Personal effects
- Uninsured boater coverage
- Wreckage removal
- Fuel spill liability
- On-water towing
- Roadside assistance when the boat is being towed on land
- Breakdown towing
|