Watercraft Insurance

Small, low-horsepower boats (typically under 25 HP) are sometimes included under a home or cottage policy with limited liability coverage, but this varies by insurer and policy. For any boat with significant value or horsepower, a standalone watercraft policy generally provides much broader coverage.

Most watercraft policies cover use on Ontario inland waters. Some policies extend to the Great Lakes and certain US waters. Navigational limits vary by insurer and policy, so confirm your intended use area when getting a quote.

Personal watercraft are typically insured under a watercraft policy, but they may have different premium factors due to their accident statistics. Some cottage policies exclude PWC entirely. Dedicated watercraft coverage is generally the most reliable approach for Jet Skis and Sea-Doos.

Watercraft policies typically remain in force during winter storage, providing coverage for fire, theft, and vandalism. Some insurers reduce the premium during lay-up periods. Notify your insurer of the storage location and winterization date for best results.

Lenders who finance boat purchases typically require comprehensive hull coverage and may require liability coverage above a minimum threshold. Review your financing agreement and contact Luca at 705-996-1116 to ensure your policy meets the lender's requirements.