Boat Insurance Coverage

Like your home and vehicle, your boat requires insurance to cover costs related to damage, loss, or liability. The major forms of boat and boat trailer insurance available in Canada are:

• All Risk: All risk boat insurance rates cover your watercraft from the elements and outside risks like fire, hail, wind, lightning, explosion, vandalism, and theft.
• Liability: Liability insurance protects you against legal action should somebody be injured or killed while on your boat.
• Medical: If a boating accident occurs, your medical boat insurance pays for costs associated with medical bills for you and those aboard your boat (up to the specified policy amount).
• Uninsured: If your boat is involved in an accident with an uninsured vessel, your uninsured coverage extends to pay for damages to your boat despite the other boater’s missing coverage.

Boat insurance rates are determined based on the size and type of your vessel, the additional coverage you require, and other such elements. At Cluett Insurance, we can help ensure you get the best policy for your needs and budget.     

When looking for boat insurance, it is important to note what each policy covers. Your boat and boat trailer insurance cover a specific set of physical damage or loss under the policy you select. The amount and form of coverage relates to the make and model of your boat, among other specifications. Some types of boats we insure, include:

• Sailboats: Any boat powered by wind through sails, rather than oars or motor, is considered a sailboat.
• Pontoons: A pontoon is a flat bottomed watercraft resting on a pontoon (cylindrical devices) to float.
• Rowboats: As the name suggests, rowboats are boats that use oars to be rowed through the water.
• Canoes/Kayaks: Canoes are narrow boats with pointed ends, benches, and oars. Kayaks are small single or double-person watercraft that also use oars.
• Fishing vessels: Fishing vessels come in various shapes and sizes but are generally denoted by the equipment onboard used to capture fish.
• Motorboats: A motorboat uses a motor to propel through the water.

According to the Insurance Bureau of Canada, the coverage included on your watercraft protects the main structure of the vessel, including the hull, motor, machinery, and any attachments, such as a boat trailer.

Your coverage also extends to provide any investigation necessary into the loss of your boat. If you are at fault for the accident or occurrence, protection and indemnity coverage will cover your costs (up to the policy amount).

Even boats left docked during the off-season benefit from boat insurance, as damage, vandalism, and theft can occur when you least expect it. At Cluett Insurance, we strive to provide our clients with the most in-depth coverage of all vehicles, protecting you and your belongings.

Are you interested in learning more about boat insurance rates? Cluett Insurance can help. Our team is well-versed in all types of watercraft found across Canada and the boat insurance that best suits them. We are always happy to hear from new and returning clients and will work together with you to find an option that gives you the most protection at the best possible boat insurance rate.

To speak with an insurance expert from Cluett today, we invite you to contact us at (902) 466-5328. Get your quote and get the protection you need with Cluett.