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Boat Insurance

Smooth Sailing with Boat Insurance

Boat Insurance

Western Financial Group is an award-winning brokerage. Our boat insurance experts will get you the right boat insurance so that you’re confident when you’re out on the water

Marine Insurance


Get an online quote, text, email, or phone call. Choose what works best for you.  



What you need to know

Your home insurance policy provides limited coverage for boats and often restricts what will be insured based on length and/or horsepower of your boat. Your home insurance policy may cover a rowboat or a canoe, but typically not an expensive cruiser.

Boat insurance isn’t legally required in Canada, but it is strongly recommended to protect you, your passengers, and your investment in your boat.


Boat Insurance

You are typically protected against these insured risks with a boat insurance policy:

  • Collision
  • Vandalism
  • Theft
  • Storm damage
  • Some policies can offer protection against rodent damage.

What kind of boats does Western’s boat insurance cover: Cruisers, jet drives, runabouts, pontoons, sailboats, fishing, sport, personal watercraft.

Boat policies usually have a variety of coverages. It’s important to know what’s included in your boat policy and what extra coverage you may want.

What boat insurance protects

  • Boat insurance protects your boat, its motor, and boating accessories such as lifejackets, GPS, depth sounders, among many other items.
  • Boat insurance protects you financially if you injure or cause the death of someone or cause damage to another person’s boat or property while you’re operating your boat. It’s recommended that you have $3 million in liability coverage. It helps cover such things as legal fees and medical bills.
  • Boat insurance typically covers the cost of replacing any personal items that are damaged, lost during a boat outing, or while the boat is stored or parked and not in use.

Taking your pet boating? Talk to a Western Financial Group boat expert about the possibility of coverage for your pets while you’re out on the water.



Did you know your boat insurance policy depends on:

  • Length of the boat
  • Size of motor
  • Type of motor (inboard / outboard)
  • Type of vessel
  • Use (rental to others/sporting activities)
  • Boat storage - where it is kept when not in use 


Boat Insurance

Do you know about Actual Cash Value vs. Agreed Value Coverage?

Actual cash coverage covers you for the value of your boat at the time of loss, less depreciation.

An agreed value policy honours the value of your boat at the time the policy was written.

Many boat owners choose an agreed value policy for peace of mind.

You can add comprehensive insurance protection for your boat to protect it against non-collision losses such as theft, vandalism, or damage from extreme weather events. You can also add collision insurance, which covers your boat in the event of a collision with another boat or object, like a dock.

Did you know? You can switch and save on your car and home insurance

Why choose Western?

We get you insurance that protects your boat. It’s easy, fast, and customized to your needs.
Get an online quote, text, email, or phone call. Choose what works for you.

When you choose Western, here are the benefits: 

  1. Our insurance experts get you personalized coverage
  2. Peace of mind if you file a claim
  3. Business insurance that grows with your small business
  4. You can be confident you’ll get right coverage at the right value

Bundle your home, car, and recreational vehicles to save 

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