The Value of a Boat Insurance Quote
What’s the value of getting a boat insurance quote? When you’re shopping for B.C. boat insurance, boat insurance quotes let you know how much it’s likely going to cost to insure your boat.
For peace of mind, you’ll need a few quotes to compare boat insurance coverage to suit your needs and budget for your B.C. boat. That’s value, right there, when you can compare boat quotes.
Western Financial Group, a 100% Canadian company, can help you navigate your boat, car, home, and business insurance during this period of economic uncertainty.
What information will I need to provide for a boat insurance quote?
Tell us about your boat
The specifics about your boat will play a key role when you get your B.C. 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 British Columbia?
Where you plan to dock your boat and where you plan to store you boat in the winter can affect your B.C. 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 a B.C. marina or is your boat sitting in your yard or driveway? These options may affect your boat insurance quote. Many marinas now require $3 million in liability insurance as a condition of mooring.
How do you use your B.C. 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 British Columbia’s beautiful waterways? Each activity has its own risks and different insurance considerations.
Will you be sailing in fresh water or salt water? Are you going to be in international waters? Your geographic choices will affect your B.C. boat insurance quote.
Boat insurers will also want to know whether you plan to use the boat year-round or seasonally in B.C. If your 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.
Your information
You’ll need to give your full name, address, and contact information when you are getting a B.C. boat quote. You could be asked for your date of birth. Older boaters are considered as more experienced and less likely to engage in risk boating behavior, which can mean a lower boat insurance quote.
A clean boating record and safety courses can contribute to a lower boat insurance quote for you.
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 B.C. boat insurance quote.
Should I consent to a soft credit check for a B.C. boat quote?
That’s up to you. 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 B.C. 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 B.C. boat insurance?
Boat insurance is not mandatory in British Columbia 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 B.C. marinas require $3 million in liability insurance.
Boat insurance protects you, your loved ones, and your investment in your B.C. boat.
Your B.C. 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.
Why Western?
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