Boat Insurance Quotes in Ontario
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One of the joys of living in Ontario is the abundance of freshwater lakes that are perfect for boating. We agree that there is nothing better than spending time on the water in those warmer summer months. Warner Insurance Brokers understand how important your watercraft is to you and how essential a reliable boat insurance policy is to protect you from unforeseen liabilities.
Warner Insurance has years of experience offering marine insurance for boats of all types and sizes; from small boat insurance to cruisers, sail boats, jet skis, fishing boats, seadoos and so much more! We’ll ensure you have the right protection at the right price. Let us do the work for you so you can just focus on your time on the water.
What Is Boat Insurance?
Boat Insurance protects you for a number of different situations. Here is a summary of the different coverages that the majority of marine insurance companies will cover:
- Liability – if you are involved in an accident for which you are liable- this provides legal protection. This may include injury or death to other people as well as damage caused to someone else’s property
- Uninsured Boat Coverage – many boats do not have marine insurance. So, if you are involved in an accident with an uninsured boat, this will provide you with coverage.
- Medical Coverage – covers any medical expenses if you, your passengers or another individual is injured.
- Emergency Services – if your boat breaks down or needs to be towed, your marine insurance covers the cost.
- Risk Coverage – this includes weather damage, vandalism, theft, fire, sinking or collision.
Why Do I Need Boat Insurance?
Boat insurance provides you with the peace of mind that in the event that your boat becomes disabled, you will have coverage for emergency on water services. In addition, in the event of an accident you have coverage to provide legal liability protection, medical coverage, risk coverage and medical coverage depending on your policy.
Your coverage can also include:
- Towing your boat back to the closest marina or repair facility in the event of an emergency.
- Fuel delivery in case you run out of fuel.
- Coverage for emergency labour performed on site.
- Rental boat for use while yours is being repaired.
Your boat insurance broker will work with you to recommend the type of coverage that would be appropriate for the type of boat you own and your usage.
Who Has to Get Boat Insurance?
Boat Insurance is not mandatory in Ontario but it is highly recommended. That being said, there are a few cases where boat insurance is mandatory. One example is if you are looking to moor your boat at a marina. Many marinas will require you to have a certain amount of boat liability insurance. In addition, if you are financing a boat, your bank may require you to carry boat insurance until you have paid off the loan.
Yet, as with any investment we recommend you have the coverage to ensure that you are protected for no matter what happens. Could you afford to cover someone’s medical expenses if you caused injury? How about if you caused damage to property? Contact your Warner Insurance broker who can shop the best coverage at the right price.
How Much Does Insurance Cost?
There is no one size fits all price for marine insurance coverage. If you’re looking for cheap boat insurance coverage, our insurance brokers will shop with our network of insurance partners to find you the right price. However, they will also look into the coverage and provide recommendations if they feel like you may need more coverage in certain areas.
When seeking a boat insurance quote, there are a number of factors that affect how your boat is rated. Boat Insurance rates differ depending on the boat’s size and horsepower. Jet- ski insurance is going to differ significantly from houseboat insurance, for example. In addition, they will look at how experienced the operator is and the typical distance you will be travelling. There will also be a difference in price depending on the amount of coverage you desire.
Some marine insurance providers will offer discounts if you have additional safety features onboard. These include fire extinguishers, fume detectors and radios. You may also be able to combine your boat insurance with other policies such as home or auto insurance to get more discounts.
How Do I Get Boat Insurance with Warner Insurance?
Warner Insurance Brokers will endeavour to make buying your boat insurance the easiest insurance buying experience you’ve ever had. Contact us by email or phone or complete our form to obtain online boat insurance quotes. Our brokers will take the time to understand your requirements, provide you expert advice on the coverage you really need at the best price possible.