Boat Insurance Calgary
Boating season in Calgary is a one-of-a-kind experience. While you’re cruising along the open waters, you can take in the sights of the stunning natural beauty in Canada, from the breathtaking mountains to the turquoise water.
When you’re out there fishing, tubing, or sailing, you don’t have a care in the world. As long as you have the proper Calgary boat insurance, you can enjoy boating season to the fullest.
Who Needs It?
Even though boat insurance isn’t mandatory in Alberta, it’s highly recommended for anyone who owns and operates a watercraft. A boat is a significant investment; protect your watercraft and your family with proper coverage.
Do you plan to store your watercraft at a marina? If so, you will likely be asked to provide proof of boat insurance. You may also be required to provide insurance information if you’re buying a new watercraft.
Whenever you’re on the water, make sure you bring your pleasure craft operator card; otherwise, you may void your boat insurance policy if you need to make a claim.
What Does Boat Insurance Cover?
Your policy will protect you from a range of perils. Coverage options include:
In the event that you cause damage to another boater’s watercraft or personal property, or you’re responsible for bodily injury, this coverage will ensure you’re protected.
If your boat is damaged by theft, lost equipment, or other perils, you can protect yourself with this insurance policy.
What might happen if you’re involved in a collision or accident with another boat? If you are sued, liability coverage will help you pay for the defense costs.
What Doesn’t It Cover?
Now that you have a clearer idea of your coverage options, you might be wondering what risks you won’t be covered for. With any insurance plan, you won’t be covered for damages that go beyond the limits of your policy.
Make sure that your insurance accurately reflects the value of your boat and its contents; otherwise, you may be underinsured.
What Factors Determine the Cost of Boat Insurance in Calgary?
Your insurance costs are affected by a range of factors, including:
- Boating experience. Younger drivers with less experience are considered to be at a higher risk of causing accidents; as such, an insurance company will charge them more for coverage.
- Size of the boat. The bigger the watercraft, the more it will cost to insure.
- Accessories value. What kinds of equipment do you store on your boat? Each item will increase the overall value of your watercraft.
- Hauling distance. If you need to transport your boat a fair distance to reach your destination, you could encounter risks along the way.
- Boat use. How frequently do you use your watercraft? Just like car insurance, you’ll need to pay more if you use your boat more often.
Claims Example
When you’re boating, you’re careful to avoid any obstacles on the water’s surface, like the land nearby or other boats. But your boat could be damaged by a submerged object (like a rock or deadhead). Depending on what kind of boat you have, this can cause $10,000-$50,000 damage. Decrease the risk of hitting submerged objects with boat insurance.
Request an Insurance Quote Today!
Discover the peace of mind that the right coverage offers with Westland Insurance. We can help you compare rates offered by top insurance companies in Calgary. Make sure your fishing or speed boat is protected with comprehensive coverage that meets your particular needs.
We offer our services in the following locations:
Seeking more information about marina and boat insurance? Contact Westland Insurance today!
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