Watercraft Insurance for Kitchener and All of the Waterloo Region

Many years ago, people who took to the waterways didn't have the benefits of watercraft insurance (like people in Kitchener do). Losses and injuries went unprotected often putting people at risk of having a permanent financial set back.

Not Always "Smooth Sailing"

Things can happen while you are enjoying your watercraft, which would be a minor inconvenience on land, but while on the water they could be disastrous. Something as simple as a small hole in the side of your boat, causing it to sink, could result in a total loss. When considering an insurance policy for your water sport vehicle there are many things to consider. Your watercraft policy presents a unique set of risks. At Advocate Insurance Group, we have been advising clients for over a century. We are experts in our field, let us provide you with a free quote today. Simply click on the link below and someone will be in touch shortly.

Is Watercraft And Jet Ski Insurance Really Important?

You never know what is going to happen when you get on the water. Many people don't think it's necessary to insure their boats or jet skis. Here are just a few things to consider:

  • accidentally colliding with another vessel while driving your own could result in severe bodily injuries.
  • damage caused to another drivers vessel resulting in very costly repairs.
  • storms on the lake where your watercraft is docked causing significant damage or total loss.

Who Needs Watercraft Insurance?

If you own any of the following, we urge you to properly and fully insure it:

  • Fishing boats
  • Canoes
  • Paddleboats
  • Kayaks
  • Personal watercraft
  • Jet skis
  • Water scooters
  • Large boats
  • Yachts

What Kind Of Insurance Do I Need?

Smaller watercrafts like canoes and paddleboats may be included in your homeowner policy. However, you should check with your insurance Broker to be sure. In Ontario, it is not mandatory to insure your water vessels, unlike auto insurance (which is the law). We recommend you at least purchase a standard insurance policy for water vessels. This may include:

  • Water liability insurance - similar to your automobile liability coverage which covers similar incidents except on the water. Your liability protection can cover legal fees, property damages, and medical payments for injuries.
  • Property insurance - this can cover gear and boat equipment like trolling motors, GPS fish finders, and other things.
  • Risk insurance - it's usually a good idea to insure your vessel for hazards like theft, fire, capsizing, and sinking.

Additional Options For Boat And Jet Ski Insurance

If you have an expensive boat and carry a lot of passengers, you should check into taking out additional liability insurance coverage. This will provide you and your passengers with more protection. Here are some more options:

  • Boat trailer insurance
  • Pollution Liability Insurance
  • Coverage for towing/wreckage removal
  • Replacement cost option - if your vessel is expensive, this pays to replace it, not just the fair market value. The difference can be significant.
  • Emergency repairs

Where Can I Find Out More About Watercraft Insurance?

You have many options when it comes to insuring your water vessels. For example, you can visit some online insurance sources and check out all the available options, but this could take a long time and not all companies have the same rates and insurance coverage. However, there is another option that is easier and more cost effective.

Come to Advocate Insurance Group for all your insurance needs. You will be getting the benefits of over 115 years of experience. Plus, we are here to serve your needs, not the needs of an insurance company. In fact, we are not insurance company reps. We are independent licensed brokers with access to some of the best Canadian insurance companies available in the Greater Waterloo Area. So what does this really mean?

We have several insurance partners offering Watercraft and Jet Ski insurance and we will go over all your needs and find you the best policy. You receive customized coverage at the lowest premiums, and all these services are free to you. You pay nothing extra for having professional insurance people on your team. As an Advocate client, you will also receive complimentary concierge claims service in the event you ever have to file a claim. This service is unique to Advocate, just one of the many ways we stand in the gap for our clients. At Advocate Insurance Group, we are there for you when it matters most.

Would you like to receive a "no strings attached" quote on insurance for your watercraft? It's very simple. Place your postal code in the quote form and click the blue box that says "Find Quotes". Of course we are here to answer your questions. You may call us in Kitchener at (519) 650-5565 and toll free at 888-278-7584.