The right boat insurance policy can provide the right liability and hull and machinery coverage for your boat. For small, non-motorized crafts like canoes, kayaks, and paddleboards, and even a small motorized boat, a home insurance policy may be enough. But a pleasure craft boat policy is highly recommended for any motorized watercraft with a significant investment.
Boat insurance is not the law in Canada and many boat owners assume that their house insurance covers their boat, but specific marine insurance has many more benefits regarding damage claims and liability.
Yachts and larger boats have a different set of exposures and risks. The brokers at Reliance Insurance will assist to evaluate your risk. Helping you to make an informed decision on how to insure your vessel. The most important aspect of insurance is at the time of a loss. We are constantly in touch with surveyors and claims adjusters, and are fully committed to fair and prompt claims settlements for our clients.
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