Marine & Boat Insurance – Prince Edward Island

Whether you’re catching waves or catching rays, boating season is much loved in Canada. Boat insurance should be part of your boating checklist, from wakeboard boats out on the water all day to sailing adventures and all others in between. While you don’t have to worry about pirates, you can protect yourself from dangers like rough seas and collisions.

As your local insurance experts, we know that each boat is unique in its own way. From sailing enthusiasts out on the ocean to the memories made fishing with family and friends and all other boat uses in between, we’ve got you covered.

We understand it’s vital to protect what’s most important to you and your family. Our expert insurance advisors are here to ensure you’re protected and provide peace of mind so you can focus on enjoying your life in Prince Edward Island.

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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 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 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 Prince Edward Island?

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!

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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 Prince Edward Island

  1. Although an island, there is no place on PEI where you’re more than 16 kilometers from the ocean.
  2. PEI is home to Anne of Green Gables and you can actually visit the house that inspired the book which is near Cavendish Beach.
  3. Potatoes are a large part of Prince Edward Island as agriculture is the largest industry. In 2020, $518 million worth of fresh or processed potatoes were exported.
  4. The famous red soil that can be found in PEI comes from the high iron content which oxidizes when exposed to oxygen in the air.
  5. Tourism is a large part of Prince Edward Island, with over one million visitors to the province each year.
  6. If you’re a fan of golf, PEI is the place for you. With over 33 courses across the island there is sure to be many water hazards to watch out for!
  7. Fishing is one of the top industries for PEI. Tuna, cod, lobsters, clams, mackerel, mussels and scallops are all sourced from the PEI fishing industry.
  8. As a coastal province, PEI sees it’s fair share of wind. However, wind power generates around 15% of the electricity used.
  9. The Mi’kmaq First Nations (Micmac) were the first inhabitants of Prince Edward Island. It was named Epekwitk which means “cradled on the waves”.
  10. The capital of PEI, Charlottetown, was named after Queen Charlotte who was the wife of King George the third.
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