sailboat insurance canada

Pleasurecraft Boats

Our cornerstone product has allowed us to become one of Canada’s largest providers of pleasurecraft insurance. For over twenty years, Beacon has offered All Risk coverage on an Agreed Value basis that is very competitively priced, and for the widest range of vessels imaginable. From wooden hulls to personal watercraft, houseboats to river boats, we can provide coverage for a broad spectrum of vessels across Canada.

All Risk, Agreed Value policy

• Rental Expense coverage is included
• Emergency Towing is included
• Extra Expense coverage is included
• Underinsured Boater Protection
• No sub-limits for water skiing, wakeboarding, tubing, etc.

Up to $5,000,000 Protection and Indemnity (liability) coverage is available

Our Pleasurecraft product is available on the portal! Quote, bind and issue on-demand here .

Applications

700 W Georgia St #1488, Vancouver, BC V7Y 1A1 T: 1-888-645-8811

Partnerships:

i3 Underwriting

ProNavigator

© Copyright 2012 - 2024 | Avada Theme by ThemeFusion | All Rights Reserved | Powered by WordPress

Portside Boat Insurance

As a family that has been boating across Canadian lakes for more than 90 years, we understand — being out on the water is an essential part of summer — and that needs to come with peace of mind.

For any boating style

Welcome to Portside.

From sailing off the Pacific coast to fishing the Great Lakes to tubing with the kids in the Muskokas, Portside sees it as our responsibility to every Canadian boating community that they are protected by the most comprehensive marine insurance coverage that will be there for them when they need it most.

Year after year, boaters continue to trust Portside while they’re underway on the open waters.  For that reason, we will continuously take it as our responsibility to offer the highest quality boating insurance coverage.

 Contact us now to secure your personalized nautical package.

View what types of boats we offer coverage

Get the reassurance you need to protect your bass boat so you can focus on reeling in the big catch this season.

Personal Water Craft

Cruise the water worry-free with the right insurance policy. Whether you have a Seadoo or other personal watercraft, we have you covered.

Small Boats

For more information on boat insurance in your area, check out our insurance service locations.

• British Columbia
• Saskatchewan

Client Testimonials

Why Choose Portside?

Our approach is to give you the power to choose what you need at a highly competitive cost. Whether you’re keen on comprehensive coverage for sailing a yacht to multiple destinations or taking part in the local bass tourney, we’re here to ensure what you insure is well taken care of. 

With Portside Plus in particular, you’re safeguarded against otherwise costlier expenses, including emergency tows, premium fishing equipment, and even hotel or temporary vehicle needs when filing a claim.

By enabling you to choose what you need in a simple, straightforward manner, Portside Marine Insurance is capable of providing peace of mind through well-informed insurance purchasing decisions. 

Not only that, but you’ll benefit from always new parts whenever a repair is required – along with no pesky betterment fees – and agreed value coverage that protects against depreciation for 15 years on most vessel types.

When you need to file a claim, we take immediate action. There’s no time to waste in the event of needing urgent repair reimbursements or emergency towing, among other potential complications. 

Our team is passionate about ensuring you have the finest, most frustration-free boating experience possible, and so we operate in a quick and highly efficient manner to satisfy any concerns.

We prioritize client and occupant financial security in addition to that of their vessel, gear, and otherwise. Whether transporting your Seadoo and ending up in an accident, powerboating and hitting an uncharted rock, or ending up in a collision with another vessel that causes injury or worse, our policies kick in to provide ample reimbursement. 

That way, you can breathe easier and have confidence in there being no sudden stressful expenses. Liability, theft, damage, and other coverage elements are readily available when choosing us.

Learn More About Boat Insurance

Do You Need Boat Insurance?

Is boat insurance required in Canada? Why would I need boat insurance? Discover how a boat insurance policy can help you .

What Should My Boat Insurance Policy Include?

Not all boat insurance coverages are made the same. Find out what your boat insurance policy should include so you’re protected.

Boat Insurance Options

At Portside Insurance, we have a number of marine insurance coverage types. Discover what’s right for you .

• Email Us: [email protected]
• Call Us: +1 (604) 229-6547
• Claims Number: +1 (855) HUB-HELP
• Claims: +1 (855) HUB-HELP

The Right Marine & Boat Insurance For Life On The Water

Boat insurance and marine insurance for british columbia, canada.

For Business or Pleasure, HUB Has You Covered

Pleasurecraft Marine Insurance

Commercial marine insurance.

• Automatic escalation clause
• Collision liability coverage
• Damage due to faulty design
• Failure to launch protection
• Coverage options for inventory
• Legal and labour expenses
• Third-party vessels
• Errors & omissions causing financial losses
• General liability for bodily injury
• Third-party property damage
• Coverage of offices & buildings
• Coverage of contents & equipment

• Floating property
• Hull & machinery
• Liability coverage
• Lift liability

• Damage to vessels
• Traveling workman coverage
• Protection & indemnity coverage
• Legal liability

Hi, We’re HUB.

Your HUB Marine Insurance Team

Beverly Carlson

Senior Account Manager

Michaela Kuehn

Killian Heraughty

Account Executive

Jakub Pustol

Insurance Advisor

Michael McCray

Our boat insurance & marine insurance advantage.

Multiple Underwriters

With multiple underwriters, HUB will find you the best value insurance to save you money, while protecting your investment.

Variety of Coverages

We offer a variety of service levels, providing you with choice to select right insurance for your marine needs.

24/7 Claim Service

HUB is here to assist you with your emergencies, at any time, with a 24/7 claims number.

Experienced Staff

Our team has well over 50 years of industry experience and can provide you with the seamless service you deserve.

Float Home Coverage

HUB can provide excellent coverage for your float home.

Liveaboard and Contents Coverage

HUB has partnered with the right Underwriters to provide you with the coverage you need for you to live aboard, with the knowledge that your boat and contents are protected.

Older Boats & Boathouses Coverage

Finding coverage for your older boat can be tricky, but you can rely on HUB’s expert team to find you the protection you need.

Auto, Home, Commercial Insurance

HUB International provides coverage for your car, house and business, so you can keep all your risk management under one roof.

Our Customers Love Us

See What Our Customers Are Saying

Questions About Our Marine Insurance?

Frequently Asked Questions

Whether it’s commercial or personal marine insurance you are looking for, our HUB advisors are here to ensure you’re ready for tomorrow. Our vast global resources and solid local relationships will ensure you receive the best coverage, best value and best service. We are dedicated to helping you protect what matters most by providing the best possible solution tailored to your specific needs.

For Personal Marine

For yacht club & marina operators, for ship repairers, what level of liability insurance do you require.

Most marinas will require you to carry at least $1 Million in Liability Insurance. However, to be properly protected within the scope of the Marine Liability Act, you need to carry a minimum of $2 Million in coverage.

What is a Marine Survey and why is it important?

Depending on the age of your vessel, you may be required to have a Marine Survey done. The surveyor will need to be approved by Underwriters or a member of SAMS (Society of Accredited Marine Surveyors) or NAMS (National Accredited Marine Surveyors).

Are different kinds of vessel materials more expensive to insure?

Wood vessels are more expensive to insure than fibreglass vessels.

What is claim service and why is it important?

Most claims happen outside of office hours. Does your broker have 24 hour claim service? Do they have the actual knowledge to assist you with appointing a Surveyor, Lawyer, Salvage Team and other experts you may need on the weekend?

What should you pay special attention to in reviewing your policy?

Not all insurance policies are the same. It is not always about price, but what you get for that price. Two aspects you want to look at closely when shopping around are: the exclusions of the policy and how a loss is settled. At HUB International, our Lifeline policy is an agreed value policy. That means we will not depreciate your vessel in the event of a total loss. All partial loss claims are settled on a new for old basis, again meaning no depreciation (not even on Sails, Canvas, Upholstery, or Rigging). Our Lifeline policies have fewer exclusions than most other policies.

What is limit of insurance?

The limit of insurance you purchase on your boat needs to include items such as taxes, duty, freight and additional equipment installed. Those values may not be included in the initial price of your boat. The limit also needs to reflect the furnishing and equipment, which would include kitchen items, safety gear, bedding, and anything else that is part of the running or operation of your vessel.

Does how damage is caused make a difference?

There is a difference between resulting damage due to Latent Defect and wear and tear. Our policies cover both. Many other policies available will only cover Latent Defect. Latent defects are inherent weaknesses which normally are not detected by examination or routine tests, but which were present at the time of manufacture and are aggravated by use. Our policy will cover resulting damage when the damage results from faulty designs, faulty workmanship, the installation or use of improper or defective materials, wear and tear, gradual deterioration or corrosion provided the defect or condition would not have been detected through a reasonable prior inspection.

What is Replacement Cost, Agreed Value and Actual Cash Value?

The difference between Replacement Cost, Agreed Value and Actual Cash Value. Do you REALLY know what you are insured for? Replacement Cost: In the event of a total loss, your Underwriters would replace the boat with a similar current model year, despite the limits shown on the policy. In the event of Partial Loss, repairs will be done a new for old basis without deduction. Agreed Value: In the event of a total loss, you would be pay out what you are insured for on your policy coverage page with no deduction for depreciation. In the event of Partial Loss, repairs will be done a new for old basis without deduction. Depreciated Value: Applying full depreciation to your vessel may result in you not being paid out the full amount you are insured for. Partial losses would also be depreciated on all parts and labour.

Is it really required?

The misconception is that if you own or operate a marina, you automatically require Marina Operators Liability. Yet this is not true in all cases. Step one is to identify your risk exposure. If your Marina offers any of the following, you do indeed require Marina Operators Liability:

• Lifting, hoisting or hauling of vessels out of water;
• Provide land storage;
• Operating ways;
• Repairing or service work; OR
• Incidental repair or maintenance.

What do I need if I don't offer any of the above?

The answer is an important follow-up question: Do you have Care, Custody & Control of your customers’ vessels?

What is Care, Custody & Control? And what does it mean to be a Bailee for Reward?

If you have Care, Custody & Control of a client’s vessel and you are being paid for your Marina services, you are acting as a Bailee for Reward. That makes you legally liable for any damage to the vessel resulting from your negligence. If vessels are left with you—whether in your yard, building, ways or travel lift—you again have Care, Custody and Control. The same applies if you provide pick up and/or deliver your client’s vessel.

What is it? And what does it mean to be a Bailee for Reward?

Who needs to consider purchasing it, what does it cover, what is the “discovery clause”, what is the traveling workman endorsement, what is detention endorsement.

No Matter Where You Are, HUB Has You Covered

We Offer Boat Insurnace and Marine Insurance Throughout British Columbia, Canada

Stay up to date.

"> "> Latest Marine Insurance Industry News

Proper Storage and Mooring, and Its Impact on Your Boat Insurance

Marine insurance, like other insurance policies, is greatly influenced by risk factors. Among these major risk factors are storage and mooring practices, both of which

Fire Safety Onboard: Equipment, Procedures, and Insurance Implications

Nobody wants to fall victim to a fire. It is, at very least, a terrifying experience, so prevention is key, as well as ensuring your

Boat Maintenance Checklist: Keeping Your Boat in Insurable Condition

Owning a boat is an incredible experience, infusing leisure time with a sense of freedomand adventure. However, keeping a boat in tip-top shape requires diligent

Determining the Cost of Boat Insurance in B.C.

Whether it’s for leisurely afternoons fishing on serene lakes or thrilling water sports activities on the ocean, owning a boat in British Columbia offers limitless

Boat Insurance and Environmental Damage: Oil Spills, Pollution, and More

Understanding Boat Insurance Coverages for Environmental Incidents Liability coverage in boat insurance includes bodily injury and property damage coverage, safeguarding you if you’re responsible for

Insurance and Boat Operation: Navigating the Effects of Alcohol and Drug Use

The thrill of cruising on the open water, whether on a leisurely fishing trip or a lively party cruise, is an indisputable aspect of boating.

Let's Get You Covered

Request a quote.

Need more information on our marine insurance solutions? Contact us to speak with a member of our team. We are here to answer any questions you may have and help you find the right coverage for you.

Ownership Experience

Contact information, office address.

400-4350 Still Creek Drive Burnaby, BC V5C 0G5

Email Address

Personal Insurance Email Commercial Insurance Email

Contact Number

Personal: +1 (604) 229-6547 Business: +1 (236) 877-2400 Claims: 1-855-HUB-HELP

Office Hours

Mon to Fri: 8 am to 5 pm Claim Service: 24 Hours

Let HUB provide you even better value

Manage All Your Risk Under One Umbrella

Auto Insurance

Homeowners Insurance

Condo Insurance

Commercial Insurance

High Networth Insurance

Travel Insurance

Privacy Policy Terms & Conditions

• 1-800-614-5230

• Homeowners Insurance
• Condo Insurance
• Renters Insurance

Boat Insurance

• Off-Road Vehicle Insurance
• Sports Equipment Insurance
• Business Insurance
• Commercial General Liability (CGL)
• Professional Liability (E&O)
• Directors & Officers Coverage (D&O)
• Contractors Insurance
• Cyber Liability Insurance
• Tech Company Insurance
• Special Event Insurance
• Hole In One Insurance
• Wedding Insurance
• Esports & Gaming Insurance
• Course of Construction
• Short Term Rental Insurance
• Performance Bond
• Labour & Material Payment Bond
• Maintenance Bond
• Consent of Surety
• Agreement to Bond
• Electrical Contractor Bond
• Gas Contractor Bond
• Customs & Excise Bond
• Surety Bond for Cannabis

Get your instant Boat Insurance quote online today. It’s not cheap boat insurance, it’s affordable! We provide coverage from reliable marine Underwriters and boat insurance companies. Click “ Quote & Buy Now ” to start your pleasurecraft insurance application.

• Instant online quotes
• Electronic policy documents
• Auxiliary engines
• Towing trailers

Protection & Indemnity (P&I)

Purchase your insurance coverage online for Protection & Indemnity - the most important aspect of protecting you your marine vessel.

Your Pleasurecraft Liability

We offer standard liability insurance for your boat; however, you may also get a quote for the potential pollution risk that operating your boat entails.

Physical Damage to Vessel

Insurance for any damage that could occur to your vessel itself or its motor, sails, and more can be included with your boat insurance policy.

Your Towing Trailer

Even cover your towing trailer used to move your vessel from your home to the lake, or one location to another. If you don't need that, no problem!

Learn more about Boat / Pleasurecraft Insurance

What is covered by boat insurance.

Our Boat Insurance package covers your vessel up to its determined value (hull & machinery) as well as providing liability (protection & indemnity) in the event you are liable for a third party loss. We also offer up to $1,000,000 pollution liability for your watercraft.

Eligible vessels include:

• High Performance Boats
• Water-Ski Boats
• Small Runabouts
• All Types of Recreational Fishing Boats
• Pontoon Boats
• Power Cruisers
• Jet Drive Boats
• Large Yachts (up to $50,000,000)

Why do I need insurance for my boat or pleasurecraft?

Being in your boat out on the water can be some of the most relaxing and fun times had – don’t risk the loss of your investment by having no insurance coverage. Not only does our policy package cover your vessel, but your liability while operating it as well.

How much does Boat Insurance cost?

The cost of your personal watercraft insurance will depend on certain variables including the vessel value, age, type, and limits of coverage requested. We are able to offer terms with competitive premiums for this coverage.

Please note that completing our application for insurance does not cost anything or require you to proceed with the coverage once a quote is provided – customer service is our first priority.

Our Underwriters

What our clients say.

• Terms of Use
• Privacy Policy
• The ReFrame Group © 2021

Sailboat Insurance: The Best Options By Far

Last Updated by

Daniel Wade

January 26, 2024

Whether you own a yacht, speedboat, or fishing boat, it certainly didn't come cheap. So it's crucial to find the best sailboat insurance that will come to your rescue if something does happen.

Just like your home or car, your boat is probably one of your most prized assets and needs the right insurance as well. Even though boats are widely known for providing their owners with great recreation and adventure, they come with various types of risks. Whether it's an accident, fire, theft, or damage, these are just some of the disasters that can come your way and that can come your way. And even if boat insurance is not a must in your state or area, having your boat properly insured will keep your head above the water and prevent you from sinking. You, therefore, should understand how to protect your sailboat, yourself, and your passengers.

Boat insurance is essential in covering you in case of a loss of damage to your sailboat. It generally covers most types of watercraft including yachts, speedboats, pontoon boats, fishing boats, leisure crafts, paddle boats, and many more. Boat insurance will cover you from various things including collision damage, bodily injury liability, property damage liability, comprehensive coverage, and other additional coverage options.

The fact that sailboat insurance is widely available can make it quite overwhelming when looking for the right boat insurance for you. But to make it a lot easier for you, we've dug deep into the boat insurance industry and highlight the best sailboat insurance options to go for.

Table of contents

How to Find the Best Sailboat Insurance Coverage for You

There are a few things to consider when looking for the best boat insurance coverage for you.

What Does the Boat Insurance Cover?

It's of great importance to know what will be covered by your preferred boat insurance company before taking your boat out on the water. Needless to say, insurance policies and contracts are always very complex, so taking your time and understanding everything is essential. To give you a head start, here are a few things that your boat insurance should cover.

• ‍ Damage to the boat or permanently attached equipment such as anchors
• Damage arising from fire, theft, vandalism, collision, and lightning
• Property damage liability, which is essentially the damage that your boat causes to someone else's property
• Bodily injury liability, which revolves around the expenses incurred when someone gets injured on your boat or by your boat
• Medical payments for expenses incurred by you and your passengers in the event of an accident
• Guest passenger liability, which revolves around the legal expenses incurred when something happens if another person was using the boat with your permission
• Mechanical Breakdown coverage, which pays for the repair of any part of the boat as long as it's not caused by wear and tear

Some of the things that are not included in the insurance include:

• ‍ Normal wear and tear
• Damage caused by sharks or other creatures
• Defective machinery
• Damage caused by mold and insects

Types of Boat Insurance Policy

It's essential to know the type of boat insurance policy that you want. The two common options include:

Agreed Value - This is the amount that is agreed between you as the boat owner and the insurance company. This boat insurance tends to be more expensive since your boat's depreciation isn't taken into consideration. So in case of an accident, the insurer can even end up paying more than the current value of the boat.

Actual Cash Value - This revolves around the insurer paying up to the current actual value of the boat if anything happens. These premiums tend to be lower since the insurer will calculate the depreciation value and pay depending on the actual value of the boat.

Important Things to Know

Here are some important things to know as far as boat insurance is concerned.

• ‍ Navigational Limits  - These are limits that outline where you can navigate your boat and you may not be covered if you venture beyond the agreed territory. Needless to say, your premiums will be higher if your navigation limits are extensive.
• Marine Inspection  - Most insurers will require your boat to be inspected by a certified marine surveyor to assess the condition for the boat and its market value.
• Layup Periods  - These refer to periods when you take your boat out of the water such as during winter when you're not boating. Most insurers will give you credit but you may not be covered if you take the boat out for a ride during the layup periods and something happens.
• Underage Operators  - Do not be tempted to offer your boat to an underage if he/she doesn't meet the age and license requirements in your area.

Best Sailboat Insurance Companies

Progressive.

As one of the leaders in the insurance industry, Progressive has been providing boat insurance for over 35 years. This company has insured over 1 million boats and has a network of independent agents across the country who are always willing to guide you through their policies.

Although Progressive is widely known for providing auto insurance, its boat insurance offerings revolve around covering small to medium-sized boats measuring not more than 50 feet in length with value not exceeding $500,000. Some of the coverage options to expect from this company include collision coverage, comprehensive coverage, bodily injury and property damage liability, medical payments, mechanical breakdown coverage, and many more.

Unlike most boat insurance companies, Progressive doesn't require boaters to provide a navigation plan. As long as your seafaring adventures are within 75 miles of the U.S. or Canadian coastlines, Progressive will offer a solid and reliable plan for your boat insurance. The company's customizable boat insurance is a cherry on the cake as it makes it a lot easier for boaters to bundle their policies and work within their budgets.

Allstate - Best for Budget

Consistently ranked among the best by various rating institutions in terms of financial strength and customer service, Allstate is one of the biggest providers of boat insurance in the country. With boat coverage options as low as $21 monthly, Allstate offers some of the most affordable coverage options in the boat insurance industry.

The company offers many types of boat insurance and pledge to keep their customers in good and safe hands. From your repair costs, trailer coverage, watercraft liability coverage to uninsured watercraft coverage, and many more, the average cost of boat insurance from Allstate is just about $20 a month.

Nationwide - Best Option for Bundling

Offering unique options for each boater's unique boating lifestyle, Nationwide is widely known for offering the best multi-policy options in the boat insurance industry. In other words, it can give you some of the best coverage options for your boat if you decide to combine your home, car, and boat insurance. With this, you'll get amazing extra perks such as rental reimbursement coverage, optional towing, and road assistance if your boat trailer is included in the coverage.

This is a company that will offer you amazing deals and discounts of up to 25% if you choose to bundle your boat insurance with at least one other policy provided by the company. What's more; they offer affordable packages for fishing equipment ($1,000), personal effects ($3,000), and towing ($500). 

United States Power Squadron (USPS) Boat Insurance Program - Best for USPS Members

USPS is one of the few boat insurance companies that strictly offer insurance for boats. This may be quite disadvantageous for those looking for bundling options but it's great if you're looking for a company that puts its total focus on ensuring your safety and that of your vessel while out there on the water.

As such, this company offers automatic coverage for water skiing, hurricane safe harbor reimbursements, and personal effects coverage of up to $1,500. It also offers automatic fuel spill liability not exceeding $854,000. This is a company that offers among the most competitive packages for serious boaters out there. They offer online quotes, same-day coverage, and policy discounts if you pay premiums in bulk as well as round the clock claims processing.

Markel - Best for Anglers

If you're an angler looking for the best boat insurance for your vessel and fishing equipment, as well as other personal effects, look no further than Markel. With its professional fisherman policy, this company offers replacement cost coverage of up to $5,000 for fishing equipment and cost coverage of up to $10,000 for personal effects.

The company also offers discounts for operators aged 40 and above, accident-free discounts, and discounts for anglers or boaters with more than five years of experience. The best part is that you can save up to 35% on your boat insurance premium if you qualify for these discounts.

So whether you're a professional angler or just fishing for fun, Markel offers some of the best boat insurance coverage options for anglers. You'll be in safe hands with just $100 per year but this may depend on the coverage options that you need.

BoatUS - Best for Additional Benefits

Acquired by Geico in 2015, BoatUS has been offering boat insurance through its affiliation with the Boat Owners Association of the United States. It offers all types of coverage options including actual cash value coverage, liability-only coverage, and full coverage at an agreed value.

The best part for considering BoatUS for your boat insurance is that the company has some of the best additional benefits in the boat insurance industry. For example, all policies must include fuel spill liability coverage and supplemental medical coverage. This, therefore, means that the total costs of your insurance premiums will be reduced significantly thanks to these deductibles and additional benefits. You can also get discounts for good driving records and the completion of approved safety courses. For members, there are even more additional benefits.

State Farm - Best for Emergency Services Coverage

As one of the best-known names in the insurance industry in the country, State Farm might be your go-to-guys if you're looking for the best emergency services coverage. The company offers optional emergency services for up to $500 to service your boat, boat trailer, or motor in case of any damage as stipulated in your coverage contract. The company's optional wreck-removal coverage can also be ideal for you if you're looking for reasonable expenses if you're required by law to raise or remove your boat or wreckage.

The company also provides multi-policy discounts, which can be ideal for you if you want to cut down paperwork and combine your home, auto, and boat insurance. So whether you're a proud owner of a yacht or a modest kayak, State Farm can provide coverage options for your unique needs, especially in times of emergency.

Foremost - Best for Flexible Coverage Options

Known for offering affordable boat insurance coverage options across the country, Foremost can be a great option for you if you're looking for a boat insurance company that can offer coverage options that are suited for your unique insurance needs. Some of its unique coverage options include enhanced towing services, hurricane haul-out, additional pollution liability coverage, fishing tournament fee reimbursement, trip interruption service, pet coverage, and many more.

Most of these coverage options are flexibly tailored to lower your premiums and make boat insurance quite affordable. This company is widely known for insuring specialty risks and can easily offer good, better, and best coverage packages depending on how much you're willing to pay and the types of coverage options that you want.

Hagerty - Best for Classic Boats

Just like classic cars, we all know that classic boats are a rarity and you certainly want the best insurer for your unique an exotic classic boat. Of course, owners of classic boats have special needs that might not be the same as other boats, and this requires a company that offers these specialties. Well, Hagerty takes immense pride as one of the best boat insurers for classic boats.

The company not only offers personalized insurance services but also utilizes actual cash value to determine the right coverage limits for your boats. Its agents are also affiliated with well-known boating clubs whose members are generally proud owners of classic boats. So you can consider joining one of these boating clubs and you might be in for significant discounts on your insurance premiums for your classic boat. 

United Marine Underwriters - Best for Personalized Customer Service

Having provided boat insurance across the United States except in New Mexico for nearly three decades, United Marine Underwriters takes immense pride in presenting itself as a specialty boat insurance company that puts a lot of emphasis on customer service, happiness, and safety.

This company offers liability limits of up to $1 million and you get various discounts if you meet certain thresholds. For example, you'll get substantial discounts if you complete one of the recognized boat safety courses that are approved by the National Association of State Boating Law Administrators and the Coast Guard Auxiliary and Power Squadron. The company also assigns you a primary service person to take care of all your servicing needs, which is why it's widely known for its excellent customer service.

Legally speaking boat insurance is not a must in many states unless you come you're planning to boat in Utah, Hawaii, and Arkansas. However, the peace of mind that boat insurance gives you when out on the water can never be underestimated. And because your boat is probably one of your most prized possessions, it's essential to choose the best sailboat insurance option; something that covers all your needs.

Related Articles

I've personally had thousands of questions about sailing and sailboats over the years. As I learn and experience sailing, and the community, I share the answers that work and make sense to me, here on Life of Sailing.

by this author

Financial and Budgeting

Most Recent

What Does "Sailing By The Lee" Mean?

October 3, 2023

The Best Sailing Schools And Programs: Reviews & Ratings

September 26, 2023

Important Legal Info

Lifeofsailing.com is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon. This site also participates in other affiliate programs and is compensated for referring traffic and business to these companies.

Similar Posts

Best Bluewater Sailboats Under $50K

December 28, 2023

How To Choose The Right Sailing Instructor

August 16, 2023

Cost To Dock A Sailboat

May 17, 2023

Popular Posts

Best Liveaboard Catamaran Sailboats

Can a Novice Sail Around the World?

Elizabeth O'Malley

June 15, 2022

4 Best Electric Outboard Motors

How Long Did It Take The Vikings To Sail To England?

10 Best Sailboat Brands (And Why)

December 20, 2023

7 Best Places To Liveaboard A Sailboat

Get the best sailing content.

Top Rated Posts

Lifeofsailing.com is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon. This site also participates in other affiliate programs and is compensated for referring traffic and business to these companies. (866) 342-SAIL

© 2024 Life of Sailing Email: [email protected] Address: 11816 Inwood Rd #3024 Dallas, TX 75244 Disclaimer Privacy Policy

Boat Insurance in Canada

Team up with surex to save on boat insurance in canada.

Can you think of a better way to spend a summer day with your family than out on the water in your own boat? Boating is a great summer activity that is popular in several provinces across Canada. You can use your boat to travel from place to place, find that perfect fishing spot at your cottage and more. The possibilities are endless!

However, even though we only use our boats for a small portion of the year, it’s important to have boat insurance in Canada all year round. Having boat insurance can financially protect your watercraft, belongings and more. Additionally, boat insurance can protect your boat on the water and when it’s docked, which helps prevent surprises from occurring down the line.

Do you need help finding the right boat insurance policy for your watercraft? Don’t hesitate to reach out to a Surex insurance advisor today! At Surex, our top priority is helping you save on insurance, including boat insurance in Canada. So, instead of picking the first product that you find, shop with Surex to find the best deals!

Why is it important to have boat insurance in Canada?

Boat insurance covers you in the event of a loss or damage to your watercraft. It covers most watercraft with motors, including fishing boats, paddle boats, leisure crafts, even yachts (for you high rollers!). For smaller boats, you may find some limited coverage under your homeowner's policy, so it's best to chat with your Surex Advisor about what you're covered for and what you need to add onto your policy when you buy a boat.

Do I need boat insurance in Ontario?

Ontario does not have a law that requires you to carry insurance on your boat or power watercraft. There might be a time when you have no choice but to purchase boat insurance in Ontario. However, marinas in Ontario will require proof of boat insurance before they will allow you to use the marina or store your boat on their property so it is always best to be covered.

What type of insurance does a boat need in Canada?

The amount of boat insurance you will need depends on a number of factors such as the value of the boat, the motor size, the age and how you use it (speed boat vs a pleasure cruiser). For example, if you bought a new high-performance speed boat, you will need more coverage for bodily injury and property damage liability than you would if you had a pleasure cruiser.

How much does boat insurance in Canada cost?

The general rule when it comes to figuring out the average boat insurance prices is that you'll pay about 1.5% of the value of your boat in annual rates. So to insure a boat worth around $50,000, it would cost you only about $750 per year to have it fully insured.

What information do I need to have while buying boat insurance in Canada?

This is similar to the information you would give out when getting auto insurance, here is the information you would need to provide:

• The length, type and value of your boat
• The condition of the boat and the market value
• How often the boat is used, what it is used for and where you store it
• The waters you take the boat out on and if you ever charter your boat
• The experience, loss and claims history of the owners and/or operators
• Any clubs the owners are members of (Sail Canada, or Canadian Power and Sail Squadrons)

What are three types of boat insurance available in Canada?

The three main types of boat insurance in Canada are:

Property coverage : Covers the physical boat and anything permanently attached to it. Amongst other things, this includes the boat motor, fuel tank, oars, and anchors.

Risk coverage : Coverage from theft, capsizing, fire and collision are found here. For other queries, speak to your broker.

Liability insurance coverage : similar to liability auto insurance, liability boat insurance protects you if you injure someone or cause damage to their property.

According to the IBC for a privately owned recreational boat, your insurance options include:

Hull and Machinery : This provides coverage for damages up to the total loss of your boat and attached equipment. (for example the sinking of your boat).

Protection and Indemnity : This provides liability coverage that protects you against property damage and bodily injury. It also provides help with legal and other fees if there is a loss and you are found at fault, the payout would be what was listed in your policy.

Medical Payments : This provides coverage for medical expenses that are incurred due to an accident on your boat.

What does boat insurance cover in Canada?

Boat insurance in Canada will provide coverage for your boat if it is stolen, in an accident or damaged by a covered peril (fire or lightning) and will help protect you if you accidentally injure someone or damage their property with your boat.

How can you reduce the cost of your boat insurance in Canada?

There are many things you can do to lower the cost of your boat insurance policy:

Choose a higher deductible : You might be able to keep your premium lower if you choose a higher deductible, but by doing so, you could be accepting more risk and covering more of the loss yourself.

Stay claims-free : Obviously one of the ways to keep premiums low is to stay claims-free to be able to maximize available discounts, and here are some suggestions on how you can do that:

What you can do on the water :

• Never operate your boat while impaired, always navigate and operate your boat safely
• Don't leave any valuable items onboard
• Always have safety and emergency equipment ready and available
• Wear approved lifejackets and PFD's
• Be familiar with your surroundings and where you boat; make any trip plans and advise a friend
• Give larger boats extra room
• Follow markers on the water

What you can do when leaving it in storage :

• Use locks to immobilize your boat if you store it on a trailer (harder to steal)
• Use satellite monitoring devices to always know where your boat is
• Install a security system (if stored inside a private location)
• If stored outside, make sure it is clear of snow and ice to prevent any damage later on

Another great way is getting a Power Squadron affiliation, this will give a discount. And, if you go with the same company as your home and auto insurance, you can get significant discounts (ie. Intact and Aviva offer bundle discounts for boats.)

And lastly, have you thought about taking some Marine Training? If you are interested in learning the safe navigation of your boat, you may want to consider enrolling in an approved marine training course. It would be beneficial to you in many ways! You'd be more knowledgeable on the water and it could help save you money with your insurance company.

Your boat is stored at a marina — do you still need boat insurance in Canada?

Yes, definitely yes! You always need insurance. And because it is stored elsewhere, does not mean they can be held responsible for any losses. If anything should happen while your boat is in storage, and for the marina to be held accountable, there would have to be proven negligence on their part.

For example, if the roof of the marina collapsed and damaged your boat, they have to prove that negligence on their part caused the roof to collapse. (Or was it an accident?). Or, if a raccoon decides to call your boat home, was it the negligence of the marina that let the raccoon in to chew your wires and upholstery? With so many variables to consider, it is much safer to have a year-round boat insurance policy in place. Gives you peace of mind knowing it is protected should anything happen to your boat during the winter months while in storage.

Common winter claims for boats are: vermin damage, theft, vandalism, and storm damage.

Compare 10+ Quotes +

Speak to a dedicated advisor.

Licensed Insurance Advisor

Spring Home Maintenance Tips

Springtime Buying: Advantages and Challenges in the Spring Real Estate Market

Spring Break Getaway? Insurance Tips to Know Before You Leave

• Aerospace and Aviation Insurance
• Dealership Insurance
• Cannabis Insurance
• Construction Insurance Overview
• Gallagher Build
• Alberta Bonds Request
• Energy Insurance
• Entertainment Insurance
• Financial Institutions Insurance
• Fine Arts Insurance
• Healthcare and Life Science Insurance
• Hospitality Insurance
• Land Surveyors' Insurance
• Manufacturing Insurance
• Mergers and Acquisitions Insurance
• Nonprofit Insurance
• Public Sector and Education Insurance
• Real Estate Insurance
• Sports and Fitness Insurance
• Transportation Insurance Overview
• Transportation Training Courses
• Commercial Insurance Overview
• Business Interruption Insurance
• Commercial Property Insurance
• Commercial Auto Insurance
• Commercial General Liability
• Cyber Liability Insurance
• Directors Officers Insurance
• Employment Practices Liability Insurance
• Environmental Liability Insurance
• Professional Liability Insurance
• Tax Liability Insurance
• Data And Analytics Consulting
• Insurance Claims Management Overview
• Claims Advocacy
• Commercial Insurance Claims Contacts
• Small Business Insurance Claims Contacts
• Personal Home and Auto Insurance Claims Contacts
• Personal Lines Insurance Overview
• Auto Insurance
• Home Insurance
• Group Home and Auto Insurance

Marine Insurance

• Private Client Insurance Services
• Gallagher Go Mobile App
• Specialty Insurance Programs Overview
• AOLS Surveyors First Insurance
• Bakery Insurance
• Baptist Church Insurance
• Cycling Provincial Collective Insurance
• Catholic Parishes Ontario
• Insurance Brokers Professional Liability
• Insurance for Independent Contractors
• HPD Group Insurance
• Surveyors Professional Liability Insurance
• Toronto Catholic District School Board
• Yoga Alliance
• Yogafit Member Program
• Multinational Insurance
• Small Business Insurance Overview
• Small Business Insurance
• Travel Insurance
• Gallagher Benefits Team
• Absence and Disability Management Consulting
• Benefits Actuarial Consulting
• Career Transition Consulting
• Compensation Consulting
• Employee Benefits Consulting
• Executive Benefits Consulting
• Executive Compensation
• Executive Search Overview
• Executive Career Opportunities
• Gallagher Executive Search Team
• Human Resources and Compensation Consulting Overview
• Human Resources Consulting
• Meet the Human Resources and Compensation Consulting Team
• Inclusion and Diversity Consulting
• Leadership Assessment and Development Consulting
• Multinational Benefits and Human Resources Consulting Overview
• Specialized Tools Resources
• Pay Equity and Job Evaluation
• Physical and Emotional Wellbeing Consulting
• Retirement Plan Consulting
• Voluntary Benefits Consulting
• Individual Insurance
• Individual Life and Wealth Consulting
• Benefits Partner Programs Overview
• Canadian Museums Association Benefits Program
• Avetta Suppliers Group Benefits Association Program
• ASBA Group Benefits Program
• Our Purpose
• The Gallagher Way
• Global Standards of Business Conduct
• Merge with Gallagher
• Gallagher Global Network
• How We Work Overview
• Gallagher Better Works
• Gallagher Mission Statement
• Meet Our Leadership Team
• News and Insights
• Français

Get a quick and easy quote.

Start your journey with us today., start your journey today..

Pleasure craft, cruising, racing and power boats - we provide specialised insurance services, with risk management as one of the key points of focus. We can also provide solutions for hard to place coverage like antique and classic wooden boats, Caribbean cruising, year-round live aboard and more.

For over 60 years, Gallagher Skippers’ Plan has been providing boat owners with the insurance coverage they need for the peace of mind they deserve. What makes our team unique is not only our professional expertise from years of experience, but the fact that we share your passion for being on the water.

Gallagher Skippers' Plan can provide you with insurance coverage for:

• Cuddy Cruisers
• Pontoon Boats
• Personal Watercrafts
• Antique and Classic Boats

We provide the most coverage options for boat owners like you, which include:

• Agreed Hull Value
• Protection and Indemnity Liability
• Medical Payments
• Accident Benefits
• All Season Coverage
• Personal Effects
• Land Transport Protection
• Wreck Removal and Salvage
• $5000 Emergency Towing Coverage – no deductible

Gallagher is one of the leading marine insurance brokers in the world and our clients will benefit from the enhanced line of products now available.

Find Out More

For more information, call us at: Phone: (416) 789-7211

Get Online Quote

OR call toll free: (800) 661-7211

Your journey towards a better future can start now.

Ce site n'est pas offert dans votre région

Nous sommes désolés pour les inconvénients que ceci pourrait vous causer.

Pour faire une réclamation, composez le 1 866 464-2424

Pour demander une soumission, composez le 1 844 798-9609

This site is unavailable in your region

We apologize for the inconvenience.

To make a claim, please call us at 1 866 464-2424

To get a quote, please call 1 844 798-9609

Intact Insurance - Canada's largest home, auto and business insurance company.

Intact Assurance - La plus importance société d'assurance automobile, habitation et entreprises au Canada.

• Trailer Insurance
• Recreational Trailer
• Fifth Wheel Trailer
• Boat Insurance
• About RecProtect

Boat Insurance in Canada

Discover the joy of boating alongside your friends and family, as you travel Canada’s renowned bodies of water. Experience the serenity of the open water as you uncover remote islands, secluded beaches, and untouched nature reserves. Ensure that your journey is protected every step of the way by making boat insurance an integral part of your boating adventure. Trust RecProtect to provide comprehensive coverage and exceptional customer service to safeguard your vessel, and provide you with peace of mind while on the water.

Free Boat Insurance Quote

The Best Boat Insurance Broker in Canada

RecProtect is a reputable insurance broker specializing in recreation insurance for trailers and boats across Ontario , Alberta , British Columbia , Saskatchewan and Manitoba. We are committed on delivering transparent and comprehensive information about our policies and a streamlined claim process. With RecProtect, you can expect personalized insurance coverage tailored to your specific boat type, providing the necessary protection while eliminating unnecessary expenses. Our mission is to simplify recreational coverage, and our innovative approach allows us to offer real-time quotes, providing you with a customized estimate in less than a minute.

Why Choose RecProtect Insurance for Your Boat

Do you need boat insurance in Ontario or across Canada? Choosing an insurance broker should be a well-considered decision, and RecProtect emerges as the optimal choice for several compelling reasons:

• Having extensive expertise in the recreational insurance industry, we specialize in providing tailored coverage that meets your unique requirements.
• With a commitment to staying ahead in the competition and combined with our steadfast dedication to competitive pricing, we guarantee that you will get an exceptional value for your watercraft investment.
• Our honesty and dependability form the bedrock of our business as we aim to establish long-lasting relationships built on trustworthiness.
• By offering a diverse range of insurance options, we deliver customized and flexible coverage to suit the specific conditions of your boat.
• We have a dedicated customer service team that is readily available to provide exceptional support at every step of the process, whether it’s for helping you find the right coverage or processing a claim.
• Additionally, our user-friendly online quote system makes obtaining a quote effortless and convenient.

When it comes to selecting a boat insurance broker, RecProtect is the undeniable choice for exceptional service, unmatched expertise, and bringing you peace of mind. We are your trusted boat insurance brokers in Ontario , Alberta , BC , Saskatchewan, and Manitoba.

Comprehensive Boat Insurance in Canada

Collision coverage.

• Covers damages from collisions with other boats
• Provides coverage for damages caused by collisions with docks and buoys
• Includes insurance for damages resulting from collisions with other object

Comprehensive Coverage

• Provides boat coverage for theft of your boat
• Protects your boat against intentional vandalism
• Insurance for damage caused by extreme weather events

Liability Coverage

• Coverage for injuries caused to others while operating your boat
• Coverage for property damage caused to others while operating your boat
• Pays for medical expenses, lost wages, and other damages

Loss of Use Coverage

• Covers the cost of renting a temporary replacement boat
• Coverage for alternative transportation expenses
• Reimburses you for additional expense including accommodations and meals

Medical Payments

• Covers the medical expenses resulting from bodily injury caused while operating the boat
• Coverage for expenses not covered by other health plans or medical insurance
• Ambulance transportation is included in the cost

Personal Effects/Equipment Coverage

• Coverage for personal items on your boat
• Protection for fishing gear, electronics, and equipment
• The maximum coverage per item is $500

Salvage Coverage

• Coverage for boat removal expenses
• Potential coverage for boat repairs after salvage
• Potential coverage for cleanup and restoration after salvage

Emergency Towing and Assistance

• Covers the cost for emergency towing your boat
• Pays for fuel and delivery
• Roadside assistance services

Boat Insurance Coverage Across Provinces

As Canadians, we have access to all sorts of different bodies of water. From the Great Lakes to the unlimited smaller bodies of water, these provinces provide plenty of opportunities for adventure, relaxation, and entertainment on the water. It’s also an ideal opportunity to ensure that we have the right insurance for our boat before heading out on our boating excursions to protect our watercraft from dangers that could happen when navigating unfamiliar waters, unpredictable weather, or unforeseen accidents. At Recprotect, we understand the importance of safeguarding you and your boat, and offer comprehensive coverage in these provinces:

• British Columbia
• Saskatchewan

Frequently Asked Questions about Canadian Boat Insurance

If you own a recreational boat or personal watercraft in Canada, you are not legally obligated to have boat insurance. While there is no specific legislation that enforces insurance for recreational boating, it is still strongly recommended to get insurance for your boat to protect you from any potential financial losses and liabilities you might encounter.

Depending on the boat you own and the type of boating equipment you have, most insurance costs for a recreational boat range from $300 to $500 annually.

Having someone else drive your boat is allowed as long as they meet the following requirements:

• They must be at least 20 years old
• Have Pleasure Craft Operator Card
• Have no claims within 3 years
• Have 3 years of boating experience

If you are planning to take you boat across the border you will only be covered if your boat is in fresh water and above the 40th parallel or 40 degrees north of the Earth’s equator.

The current recreational boats and watercraft that we provide coverage for include:

• Bowrider Boats
• Cabin Cruiser Boats
• Fishing Boats
• Pontoon Boats
• Runabout Boats
• Wake Board Boats
• Personal Watercraft (PWC)
• Jet Skis and Sea-Doos

In the event of a collision or unfortunate accident, the first thing you should do is make sure that you and everyone involved is safe. Next, try to collect as much details as possible including taking pictures and gathering contact information from all parties involve. Afterwards, contact RecProtect by visiting our claims page here .

Get a Free Quote

Boat insurance quotes in Ontario , Alberta , British Columbia , Saskatchewan, and Manitoba.

Boat Insurance in BC

Protect your vessel and navigate the waters with confidence with boat insurance in BC. Get an online quote today and explore our comprehensive coverage options.

Pleasurecraft Boatowners Insurance

Our boat insurance program offers All Risk, Agreed Value coverage, competitively priced for a broad range of vessels. From runabouts, jet boats, personal watercraft, tournament ski boats, houseboats, cruisers, sailboats, and wooden hulls to high-performance vessels, we ensure you receive peace of mind when it comes to protecting your vessel. We appreciate that your boat is more than a pleasure craft, it’s an expensive investment with its own set of unique risks. Our comprehensive Boat insurance for pleasure use takes the worry out of boating, allowing you to leave the yacht club sooner, and providing you more time to enjoy your experience on the water.

Product Features - What Coverage Is Included?

Our program is designed for all boat owners and features clear and broad coverages with limited exclusions to provide you with the most comprehensive protection possible. In fact, the program offers protection and indemnity up to $10 Million, which means that in addition to paying for damage you may cause to other boats and properties, it provides coverage for legal costs, wreck removal, salvage fees, and pollution damage caused by the boat. We provide coverage as long as the insured property is operated within Canada and the Continental USA, limited to a 1500-mile radius of your address provided and with respect to: - Coastal waters of British Columbia, not North of Skagway, Alaska (60 degrees North Latitude), and not South of Westport, Washington (47 degrees North Latitude), in any event not exceeding 200 miles offshore, OR ‍ - Coastal waters of Eastern Canada, not North of Henley Harbour, Labrador (52 degrees North Latitude), and not South of Gloucester, Massachusetts (42.5 degrees North Latitude), in any event not exceeding 200 miles offshore.

Where Can I Buy Boat Insurance?

You can get a boat insurance quote or buy your Pleasurecraft policy directly online in about 5 minutes. In order to do so, we require the following information: - Serial numbers for Vessel & Outboard Motor (if applicable) - Serial numbers for all vessels and all other items over $2,500 (including tenders, auxiliary motors, boat lifts). You can also purchase boat insurance in all of our 90 offices located across B.C. Each of our offices can assist you in the event of an insurance claim, including in the event that your vessel is affected by the actions of an uninsured boater.

Get an Online Boat Insurance Quote

How much does boat insurance cost in bc.

The cost of boat insurance can vary greatly depending on a number of factors, such as the type and size of the boat, the location where it is primarily used, and the level of coverage desired. Other factors that can affect the cost of boat insurance include the boat's age, value, and safety features, as well as the owner's boating experience and insurance history. To get an accurate estimate of the cost of boat insurance for your specific needs, it is best to speak with an insurance agent who specializes in marine insurance.

Customer Testimonials

At InsureBC, we value the relationships we build with our clients. Don't just take our word for it – see what they have to say about their experiences working with our team of expert insurance brokers.

So far so good. Easy to complete the application. Supporting team was amazing, timely response, very professional.

Frequently asked Questions

What is boat insurance in bc.

Boat insurance is a type of insurance that provides coverage for your boat, as well as any liability you may have while operating it. It can protect you financially in case of accidents, theft, or other unforeseen events.

Do I need boat insurance in BC?

In most cases, yes. Boat insurance is not legally required in BC, but it is highly recommended. Without insurance, you could be held personally liable for any damages or injuries you cause while operating your boat. Additionally, many marinas and yacht clubs require proof of insurance before allowing you to dock or store your boat.

Can I get a boat insurance quote online in BC?

Yes! InsureBC offers hassle-free online boat insurance quotes for BC residents. Simply visit our website and fill out the online form to get started.

What factors affect the cost of boat insurance in BC?

The cost of boat insurance can vary depending on several factors, such as the type and size of your boat, its age and condition, where you operate it, and your driving record. Other factors may also come into play, such as whether you have safety equipment on board, such as life jackets and fire extinguishers.

What should I look for when choosing a boat insurance policy in BC?

When choosing a boat insurance policy in BC, it's important to consider the coverage options, deductibles, and premiums. You should also research the insurer's reputation for customer service and claims handling.

What does boat insurance EXCLUDE?

Our product excludes the following: Applicants under the age of 25 years old. Vessel aged 15 years and older. The hull of the vessel that is fiberglass, over wood, wood or Ferro-cement. Vessels with a propane fridge. Vessels with a maximum speed exceeding 50 mph. Vessels that are not checked on a regular basis.

Looking to File a Claim?

Our dedicated claims department is committed to making the claims process as smooth and stress-free as possible. Whether you need to file a claim for your home, vehicle, or business, we have the expertise to guide you through the process.