Do Boat Insurance Quotes Help Get The Best Price?
Of course, you should get boat insurance quotes. When you’re shopping for Ontario boat insurance, boat insurance quotes give you an idea of how much it’s going to cost to insure your boat.
Comparing boat insurance quotes is part of your homework when it comes to insuring your Ontario boat.
Western Financial Group, a 100% Canadian company, can help you navigate your Ontario boat, car, home, and business insurance during this period of economic uncertainty.
What information is needed for an Ontario boat insurance quote?
Tell us about your boat
The specifics about your boat will play a key role when you get your Ontario boat quote.
You will be asked about:
- Make
- Year
- Model/type of boat
- Length
- Modifications or upgrades
- Boat registration
- Hull number
- Past claims
- Past accidents
Where do you dock and where do you store your boat in Ontario?
Where you plan to dock your boat and where you plan to store you boat in the winter can affect your Ontario boat insurance quote.
If your boat is stored at a marina or warehouse for the winter, it could potentially lower your premiums because the risk of damage from ice and snow would be lower.
In boating season, are you docked at an Ontario marina or is your boat sitting in your yard or driveway? These options may affect your boat insurance quote. Marinas can now require $3 million in liability insurance as a condition of mooring.
How do you use your Ontario boat?
Your boat insurance quote will also depend on how you will use your boat. Are you using your boat for fishing, pleasure cruising, or water sports on Ontario’s scenic waterways? Each activity has its own risks and different insurance considerations.
Will you be sailing in fresh water? Are you going to be in international waters? Your geographic choices will affect your Ontario boat insurance quote.
If your Ontario boat is used seasonally, boat insurance providers will want to know where it will be stored and how it’s protected from the elements. If you don’t properly winterize your boat, a claim involving snow or ice damage could be voided by your boat insurance provider.
Your information
You’ll need to give your full name, address, and contact information when you are getting an Ontario boat quote. You might be asked for your date of birth, too. Older boaters are considered as more experienced and less likely to engage in risk boating behavior, which can mean a lower boat insurance quote for your Ontario boat.
If you are a new boater, you may end up getting a higher boat insurance quote due to your lack of boating experience.
Do you have any past boating claims? Is your driving record clean? They could affect your Ontario boat insurance quote.
Should I consent to a soft credit check for an Ontario boat quote?
It’s your choice when you’re getting a boat insurance quote, but it can be beneficial.
A soft credit check looks at the information in your credit report and, most importantly, does not impact your credit score. Your Ontario boat insurer will request your informed consent prior to checking your credit report.
A soft credit check will allow an insurance broker to give you the best price for your boat insurance quote. It is a factor that determines the level of discount available to you on the insurance product you are seeking.
Why should I get Ontario boat insurance?
Boat insurance is not mandatory in Ontario or in the rest of Canada, but your financial lender may ask that your boat be insured as a condition of financing. If you are docking at a marina or use a private boathouse, you may be required to carry a specific amount of liability insurance and show proof of boat insurance. Many marinas require $3 million in liability insurance.
Boat insurance protects you, your loved ones, and your investment in your Ontario. boat.
Your Ontario boat policy coverage with Western Financial Group is an all-risk policy subject to certain exclusions. Check with Western’s boat insurance experts about what your boat insurance policy includes and excludes.
Did you know? Western will do the insurance shopping for you and provide you with boat insurance quotes to choose from that suit your needs and budget.
Why Western?
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