Boat Insurance

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  • #9302
    Vlad
    Participant

    Hello,
    Can somebody recommend an Insurance company for a boat?
    I did try to contact one listed in resources, but they didn’t respond to my “contact us” page requests or phone listed on their website.
    Thanks in advance,
    Vlad

    #9310
    Commodore
    Keymaster

    Hi Vlad
    Boat insurance has become a bit of an issue over the last few years as the insurance industry in general struggles. I have not yet heard of a MacGregor being refused insurance but other boats are running into that problem. Group discounts seem to be a thing of the past. Some members with older boats have been required to get a marine survey done on their boat before it can be insured. You can find a list of surveyors and an old copy of policy wording under downloads/reference documents.
    We insured Gemini through our agent who also handles house and car insurance. She found Premier Marine and we are insured for about $450 a year. You need to be a bit careful about the wording of the policy and what is covered. You should check out the MYCBC presentation on Boat Insurance
    I believe you can still get insurance with your membership to the Canadian Power Squadron, so you might want to investigate that.

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