Boat insurance coverage for Ontario waterways and seasonal risks
Ontario boat owners face different risks depending on the vessel, where it is used, how it is stored, and whether it is trailered, docked, or used seasonally. Damage, theft, liability, storms, equipment loss, trailers, and personal watercraft all need to be considered when choosing coverage.
Marine and boat insurance can help protect eligible boats, personal watercraft, motors, trailers, equipment, and liability after an insured loss. Westland helps Ontario boat owners review coverage options, understand limits and exclusions, and choose protection that fits their vessel, budget, and time on the water.
Why Choose Westland?
We know that your insurance needs to match your goals, your lifestyle and your budget. Our expert travel 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 a boat; it’s a significant investment. Whether you have a top-of-the-line wake boat with all the bells and whistles or a fishing boat equipped with all the electronics to reel in a master, boats are often a large investment you’ll make. Don’t let the unexpected mess with your next boating adventure. Boat insurance for 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 also 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 come in contact and run into another boat while out on the water.
No, your home does not provide you coverage for your watercraft. This has to be added to your policy as an additional rider, but by doing so your home insurance policies does not provide comprehensive boat coverage to cover things like salvaging costs. If your boat or watercraft needs to be salvaged before it can be repaired, having the right boat insurance coverage may help you avoid paying for its recovery. 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 Ontario?
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
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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 Ontario
- Ontario is larger than Spain and France…combined! It covers more than one million square kilometres .
- If you’re a fan of Oktoberfest, you’ll want to visit Kitchener. Even though it only has 200,000 people, it is the home to the largest celebration outside of Germany.
- The Great Wayne Gretzky , the all-time leading scorer in the NHL, was born in Brantford in 1961.
- With half of Toronto’s population being born outside of Canada, it has the best restaurant varieties. There are over 8,000 options serving food from around the globe.
- Niagara Falls consists of three different waterfalls . Horseshoe Falls, American Falls, and Bridal Veil Falls make up this natural wonder.
- The most Canadian law exists in Ontario. This law states that saying “sorry” isn’t an admission of guilt.
- Lake Ontario is an excellent destination for scuba diving . There is a shipwreck from 1798 that you can check out and a U.S. Air Force c-45 aircraft.
- Toronto is the only Canadian city that has seven major league sports teams!
- During the winter, the Rideau Canal in Ottawa becomes the longest skating rink in the world. It spans 7.8 kilometers long.
- The bottom of Lake Ontario is so cold that skyscrapers use it for their AC as a coolant source.
Claims Experience from Westland Clients
“We had a big wind storm that unfortunately resulted in a tree through our window. Everything got fixed quickly and we were back to normal before we knew it. The claims process was clear and I appreciated all the updates!”
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.
Protect your boat before the next launch
From boats and personal watercraft to trailers, equipment, liability, and seasonal storage, Westland helps Ontario boat owners choose marine insurance that fits their vessel, budget, and time on the water.
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