Boat Insurance in Ontario – Protect Your Watercraft with Confidence
Owning a boat in Ontario is all about freedom, adventure, and time on the water. Without the right protection, one accident can quickly become costly.
At Duliban Insurance, we help boat owners across Niagara and Ontario find affordable, customized boat insurance policies that protect their vessels, passengers, and financial future.
Set sail with confidence and savings with Ontario Boat Insurance!
Boat insurance (also known as watercraft insurance) is designed to protect you from financial loss due to damage, theft, accidents, or liability while operating your boat.
A standard Ontario boat insurance policy can help cover:
- Damage to your boat from collisions, fire, or storms
- Theft or vandalism
- Liability if you injure someone or damage property
- Medical expenses for you or your passengers
What type of watercraft can be insured?
Most motorized watercraft require a separate insurance poilcy in Ontario. Vessels which qualify for this insurance:
- Fishing boat
- Pontoon boat
- Personal watercraft
- Power boat
Coverages
Boat Insurance in Ontario covers these 4 basic risks:
Liability
Fire
Theft
Collisions
Do You Need Boat Insurance in Ontario?
Boat insurance provides essential financial protection for both your vessel and others on the water. While not legally required, you may need boat insurance if:
- You finance your boat
- You store it at a marina
- You want liability protection
Without insurance, you could be responsible for:
- Repair or replacement costs
- Medical expenses
- Legal liability claims
Optional Coverages
What would we recommend?
We stand firmly behind our necessary coverages, but sometimes a little extra protection can make a big difference. In addition to those listed above, consider the following optional coverages to better protect yourself and your investment.
Sinking or Capsizing
Boat Radios
Explosions
GPS Systems
Boat Radios
Hull & Machinery
Protection & Indemnity
Medical Expenses
Wreckage Removal
Frequently asked questions
Your questions, asked and answered by our team.
Insurance rates are dependent on boat size, horsepower, boater experience and operational range. For a boat that’s $20,000 in value, rates start at $300/ year. For boats closer to $100,000 in value, rates begin around $1,500/ year in order to properly insure the vessel and its contents.
Claims and accidents are known to happen, even when we’re operating with the highest level of safety. We provide a 24/7 claims support service that’s there for you when such events occur.
Boat insurance is not mandatory in Ontario, however it is recommended. In the event you are financing a boat, you will be required by the bank to carry insurance until the loan is completed. If you moor your boat in a marina, you may need to carry a certain amount of liability insurance in order to continue housing your vessel at such a location.
No, your home policy is not designed to provide coverage for your watercraft. This must be added onto an additional rider. For this reason, we recommend considering an individual boat insurance policy.
Anyone operating a boat in Canada must possess their Pleasure Craft Operator’s card.
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