Boat insurance for Newfoundland and Labrador coastal waters, trailers, and seasonal risks
Boating in Newfoundland and Labrador can mean coastal cruising, fishing, sailing, marina storage, harbour days, or trailering your boat between bays, coves, lakes, and launch points. Local boat owners may need coverage for sailboats, fishing boats, recreational motorboats, personal watercraft, motors, trailers, attached equipment, electronics, theft, storm damage, collision risks, submerged-object impacts, and liability on the water.
A separate boat insurance policy can provide more specialized protection than relying on limited home insurance coverage. The right policy depends on the vessel type, value, motor size, accessories, where the boat is used, how far it is hauled, whether it is stored at a marina, and how it is used during the season. Westland helps Newfoundland and Labrador boat owners compare coverage options, understand limits and exclusions, and choose marine insurance that fits the vessel, location, storage setup, and budget.
Why Choose Westland?
We know that your insurance needs to match your goals, your lifestyle and your budget. Our expert boat insurance advisors get to know you, so that they can tailor a policy to your exact needs.
We’ll find the best coverage for you at the right price so that you can continue to live your life the way you want to.
Insurance can be complex sometimes. Let our expert insurance advisors do the heavy lifting! We’ll help you find a policy that you feel is the best fit and provides peace of mind. To learn more about the benefits of being a Westland client, click here.
Boat Insurance Explained
Your boat is more than just watercraft; it’s a significant investment. Whether you have a top-of-the-line sail boat or cruising boat with all the bells and whistles, boats are often a large investment you’ll make. Don’t let the unexpected mess with your next boating adventure. Boat insurance can give you peace of mind while out on the water.
Whether you own a sailboat, a motorboat, an inflatable, a Jet-Ski or Seadoo, your insurance policy can cover other items like boat motors, trailers, or your GPS system. Your boat insurance will also protect you from the following:
- Property Damage
Damage you cause to someone else’s watercraft or property. - Damage to Your Boat
Including theft or loss of attached equipment. - Liability Coverage
You cause bodily injury to third parties while out on the water.
Home insurance policies may cover your boat, but they might not provide coverage that’s as comprehensive as a separate boat policy. Through a separate boat policy, you may get better coverage geared specifically towards watercraft, and in turn, your boat insurance could cost less. Connect with us to discuss whether your watercraft is best covered under your home policy or if it’s beneficial to set up a boat and marine policy. If you insure your boat on a stand-alone watercraft policy and need to make a claim, it will not affect your house insurance claims rating or premium.
- It helps protect you, your watercraft, and your passengers should you become involved in a boating accident
- Before you can store your watercraft at a marina, you may be asked to provide proof of boat insurance
- When buying new watercraft, the finance company may request proof of insurance
Anyone operating a boat in Canada needs their pleasure craft operator’s card along with the right boat insurance policy. Driving a boat without the proper certification could potentially void an insurance policy in the event of an accident or a liability claim.
What Factors Determine the Cost of Boat Insurance in Newfoundland & Labrador?
Not all boats are the same which means not all policies will cost the same. Aside from the type of policy and coverage that you choose, factors that affect your boat insurance price include:
- Size of Boat
- Value
- Trailer Value
- Accessories Value
- Occupancy Limit
- Location Used
- Motor Size
- Boat Use
- Hauling Distance to Destination
- Age of Boat
Review Your Insurance and Get a Quote with Westland
Ready to discuss your insurance needs? Our expert advisors are here to review your current insurance policies, discuss your unique needs, and find the perfect boat insurance policy for you. Whether it’s over email, the phone or in person we are ready to help! To get started on a quote now and see price estimates for your boat coverage, click the button below. Our advisors will contact you right away and help navigate your risk management needs. Of course, we are always available to talk over the phone or in person. Check out our locations page to connect with an office closest to you!
Claims Example
Impacts with submerged objects such as rocks or deadheads are the most common claim we see when it comes to boat homeownership. For example, you’re out on the water and come in contact with a rock that is submerged just under the waterline. This can cause upwards of $10,000 to $50,000 worth of damage depending on the type of boat and damages. The right boat insurance policy will help mitigate these risks and get you back to your normal as quickly as possible.
Our goal is to find the best coverage for you so that you can continue to live your life the way you want to. To learn more about being a Westland client, click here.
10 Fun Facts About Newfoundland & Labrador
- Although Newfoundland & Labrador has a large land mass, over 94% of the total population lives on the island of Newfoundland.
- The colourful homes are not just for the style, they were actually painted different colours so the ships out at sea could see them through the heavy fog.
- If you’re a fan of pubs, Newfoundland & Labrador is the place for you. There are more pubs per square foot on George Street, which is located in St. Johns, than anywhere else in the country.
- St. John’s is the oldest city not just in the country, but in North America!
- At one point in time, the northern part of the province, L’anse Aux Meadows, was home to Vikings.
- Although not too surprising being a province along the ocean, over half of Canada’s fish supply is thanks to Newfoundland and Labrador.
- Two of the most loved dog breeds hail from the province. Both the Newfoundland (or Newfie) and Labrador Retriever come from Newfoundland and Labrador home.
- Want a quick trip to France? Lucky for you it’s only an hour boat ride away. Although it’s technically France, Saint Pierre and Miquelon is a self-governing collectivity of France and under French control.
- The town of Argentina, which is located along the North Atlantic, sees on average 406 days of fog per year.
- Although there is much beauty along the coastlines, Newfoundland and Labrador is home to four national parks and 22 provincial parks.
Protect your boat before the next day on the water
Whether you own a sailboat, fishing boat, motorboat, pontoon, personal watercraft, trailer, or seasonal vessel, Westland can help you compare Newfoundland and Labrador marine and boat insurance options for liability, damage, theft, motors, equipment, transport, storage, and how you enjoy the water.
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