Anchors Aweigh! We Make Boat Insurance Easy!

Boat Insurance Made Easy – Tips and Safety Requirements

Did you tuck your “baby” away safely last fall, or did you bring a new “baby” home from one of the winter boat shows?– it’s time to get your boat in the water! The season is short – let’s go boating!

Here are a few things to review first:

Operator Card – Check!

If not, here’s some help

Safety Equipment – Check!

Just in case, here’s a review

Boat Insurance – Not yet?

Here you go! Problem (almost) solved!

Our office gets a lot of panic phone calls every year (usually late on a Friday afternoon) from boat owners looking to get insurance on their boat just in time for the weekend so here are some tips to get the process started, and to get you on the water faster!

What Insurers Need to Know

The information that an insurance company requires about a boat and its operators is similar to the type of information it needs to provide auto insurance. It includes:

  • The boat’s length, type and value
  • It’s condition and market value – your insurer may ask for a survey if your boat is more than 15 years old
  • How frequently the boat is used, what it’s used for, and how and where it is stored
  • The waters you typically navigate and if you ever charter your boat
  • The experience, loss and claims history of the owner and/or operators
  • If the operators are members of the Sail Canada or Canadian Power and Sail Squadrons.

This list doesn’t cover it all, but having this information handy sure does speed the process up! Contact the boat experts at M&R to make sure that you don’t spend the first long weekend at the dock!