Home » Recreation Insurance » Boat Insurance
Your guide to boat insurance in Ontario.
While not mandatory by law, boat insurance is highly recommended for those who own a watercraft. We’ve got the coverage and the savings you need to feel at ease and confident on the water, starting today.

Set sail with confidence and savings!
Whether you’re a seasoned sailor, an avid angler, or simply love spending time on the water, we understand the importance of protecting not only your vessel, but also your lifestyle. Secure the right coverage for as little as $100/ year and experience peace of mind on your next adventure – the way boating was intended.
Vessels which qualify for this insurance:
- Fishing boat
- Pontoon boat
- Personal watercraft
- Power boat

Coverages
Boat Insurance in Ontario covers these 4 basic risks:
Liability
Fire

Theft
Collisions
Optional Coverages
What would we recommend?
We stand firmly behind our necessary coverages, but sometimes a little extra protection can make a big difference. In addition to those listed above, consider the following optional coverages to better protect yourself and your investment.
Sinking or Capsizing
Boat Radios
Explosions
GPS Systems
Boat Radios
Hull & Machinery
Protection & Indemnity
Medical Expenses
Wreckage Removal
Frequently asked questions
Your questions, asked and answered by our team.
Insurance rates are dependent on boat size, horsepower, boater experience and operational range. For a boat that’s $20,000 in value, rates start at $300/ year. For boats closer to $100,000 in value, rates begin around $1,500/ year in order to properly insure the vessel and its contents.
Claims and accidents are known to happen, even when we’re operating with the highest level of safety. We provide a 24/7 claims support service that’s there for you when such events occur.
Boat insurance is not mandatory in Ontario, however it is recommended. In the event you are financing a boat, you will be required by the bank to carry insurance until the loan is completed. If you moor your boat in a marina, you may need to carry a certain amount of liability insurance in order to continue housing your vessel at such a location.
No, your home policy is not designed to provide coverage for your watercraft. This must be added onto an additional rider. For this reason, we recommend considering an individual boat insurance policy.
Anyone operating a boat in Canada must possess their Pleasure Craft Operator’s card.
We work with 20+ top insurance companies



















Our Reviews
What you say matters to us

Get a quote today
Working with a broker guarantees your access to the best available insurance with the added benefit of personalized support. See for yourself and get a quote now.
Read our blogs
Hear what’s trending in insurance
Our blog is packed with the tips and tricks you want to read, and deserve to know.

March Break is the perfect time to escape the daily grind and enjoy some well-deserved relaxation. Whether you’re soaking up

Temporary electric space heaters are a convenient solution for providing warmth in various settings. However, when used improperly or in

As a primary caregiver, you’re the cornerstone of your family. You provide emotional, physical, and often financial support to your

For Canadian employers, offering group benefits isn’t just about supporting your employees—it’s also a smart, tax-efficient way to invest in

Graduating from college or university is an exciting milestone—you’re stepping into the world of independence, starting your career, and building

Traveling with a pre-existing condition doesn’t have to be stressful—especially when you have the right travel insurance. Whether you’re managing