Do I legally need boat insurance in Ontario?

It isn't legally required, but marinas often require liability coverage, and it protects you against serious financial risk on the water.

Is my trailer covered?

Trailers can be included on your boat policy or your auto policy. We'll arrange the setup that gives you the best protection.

What's agreed value versus actual cash value?

Agreed value pays a pre-set amount on a total loss; actual cash value factors in depreciation. We'll recommend the right basis for your boat.

Boat & Watercraft Insurance

From runabouts to cruisers — coverage for life on Ontario's lakes.

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Ontario's lakes and waterways make boating a way of life, and the right marine policy protects your vessel, your passengers, and your liability on the water. We work with marine specialists to cover everything from personal watercraft to cabin cruisers.

Coverage can include the hull, motor, trailer, and equipment, plus liability for accidents and wreck removal.

What's covered

Hull, motor, and onboard equipment
Marine liability for injury and property damage
Trailer and transport coverage
Personal effects and emergency towing
Agreed-value options for higher-value vessels

Good to know

Frequently asked questions

Do I legally need boat insurance in Ontario?: It isn't legally required, but marinas often require liability coverage, and it protects you against serious financial risk on the water.
Is my trailer covered?: Trailers can be included on your boat policy or your auto policy. We'll arrange the setup that gives you the best protection.
What's agreed value versus actual cash value?: Agreed value pays a pre-set amount on a total loss; actual cash value factors in depreciation. We'll recommend the right basis for your boat.

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