Whether you tour the lake in a small runabout, race around in a motorboat or prefer the quiet power of a sailboat, boat insurance brings added security to fun on the water. Personal watercraft, with brand names such as Jet Ski or Sea-Doo are very popular too and should definitely be covered by a marine insurance policy.
There are many types of boat insurance available in order to accommodate just about everything you might operate on the water. The most commonly owned watercraft include:
If you don’t see the type of boat you own listed here, simply ask about it because there are appropriate policies designed for every watercraft.
For most boats and other watercraft you may own, the main components of marine insurance to consider are:
If you have any other concerns, mention them to an insurance professional so they can investigate the details for you.
In order to secure marine insurance, you will need to provide some type of ‘proof of competency’ regarding safe operation of boats, and you may be asked for your pleasure craft license number too.
1) Proof of Competency: In Ontario, and in fact the whole country, everyone who operates a power-driven boat needs proof of competency, which shows they understand the rules on the water and how to safely operate a boat. The most common proof is the Pleasure Craft Operator Card (PCOC), which you can get by passing an accredited boating safety test.
2) Pleasure Craft License: Any pleasure craft powered by a motor over 10 hp (7.5 kW) must have a valid pleasure craft license. It allows search and rescue personnel and other agencies to quickly identify your boat in the event of an emergency. The license is free and applications are available online at Transport Canada’s Office of Boating Safety or at Service Canada Centres.
Safety First – Keep in mind these important points so everyone stays safe:
Our boat insurance experts would be happy to answer your questions and provide a no-obligation quote. Call us at 1-800-731-2228 or email us at firstname.lastname@example.org.
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