Boat Insurance

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.     

What Does Boat and Boat Trailer Insurance Cover?

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).

Get Your Boat Insurance Quote Today

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.


​If your boat is financed, docked at a local marina or stored in your private boathouse, insurance can protect your liability risks. While boat insurance is not mandatory it can cover damage, liability and other unforeseen events.

If you’re unsure what is covered in your boat insurance policy, speak with your insurance agent for more information.

Boat insurance may help cover a motorboat if it’s stolen, in an accident, or damaged by a covered peril like fire or lightning. Boat insurance may also help protect you if you accidentally injure someone or damage their property with your boat. Speak with one of our agents to create a personalized insurance policy that meets your needs.

There are many factors taken into consideration when quoting for boat insurance. The more experience a boat owner is, and the fewer claims they have, the more likely they are to receive a better insurance rate.

Unlike small boats, personal watercraft are not generally covered by homeowners insurance. Personal watercraft insurance (PWC) is specifically designed in order to insure these vessels. If you have several personal watercraft, you may qualify for a multi-boat discount on your insurance. Consult your insurance professional about your specific needs.

You’re required to obtain whatever is necessary under your provincial guidelines – typically this includes passing a boater’s safety course and having a valid license.