Boat Insurance
Whether it’s a weekend getaway fishing trip, a day filled with wakeboarding on the lake or sailing around the harbour we have the perfect fit for insurance on your Boat. With multiple company offerings we can ensue you have the right protection for your summer fun!
WHY You Need It
We understand one of the best ways to enjoy the summer is out on the water. With 100,000 incredible lakes in Manitoba and over 70,000 lakes in Northwestern Ontario, you and your watercraft have endless options. Whether it is your first fishing boat, your dream sailboat, or a jet ski, they all have exposures that can put you, the owner, at risk. Your boats are an important part of your summers; it’s integral that you have boat insurance that is specially-designed to compliment your lifestyle.
Many believe that boat insurance for your personal watercraft is not needed, but personal watercraft insurance provides coverage for both on and off the water. Boat accidents can happen to anyone and it is always better to be prepared for that event than to be stuck worrying. We work with a few different companies to ensure we find the best option for your needs.
Liability Insurance
Many people believe that they automatically have liability covered for their boat provided through their Winnipeg house insurance. Although we can add coverage onto your homeowners policy, we usually recommend having a separate policy for your boat. Some of the advantages in doing this include better coverage, and in the event you need to claim, you don’t lose your Claims Free Discount on your home policy.
Lakes on the weekend in the summer can be busy places. With swimmers, wakeboarders, water skiers, and boats all around, you’ll want to make sure you are protected in the event you are to cause injury or damage and you are held responsible. We’re able to offer policy options with liability of up to $5,000,000.
What’s Covered?
As with any type of insurance, each policy includes different coverages. All of the policies we have to offer include Year-Round Coverage so your boat ( even pontoon boats) is covered whether you are using it or not. With most of our policies you can expect the following to be covered:
Physical Damage to the watercraft both in and out of the water
Liability Coverage
Fire
Emergency Towing
Accidental Damage
Theft or Attempted Theft
Vandalism or Malicious Act
Loss of Use
Agreed Value or Replacement Cost Coverage Options
Cost of Boat Insurance Policy
There are many factors that go into figuring out the premiums. There are also discounts that could be available to you if you meet certain criteria. Some of the factors that go into determining the cost of premiums are:
The Value of Watercraft
Type of Boat
Condition of Boat
Size of the Boat
Claims History
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* Please note all types of policies have exclusions, conditions and limitations. This information is not intended to be a full explanation of coverages and in all cases the wording of the actual insurance policy will apply.