BOAT INSURANCE

Even though it isn’t mandatory to have boat insurance, it’s strongly recommended. Boat insurance gives you peace of mind in more ways than one. First, boats can be very costly. From theft to vandalism, the bills can mount quickly. If your boat has loan financing, your creditor may require insurance. Some marinas also require civil liability insurance to moor your boat there. And if you are found responsible for injuries to a boater because of an accident, you may have to pay damages.

First and foremost, boat insurance provides civil liability coverage. It protects you in the event of damage or injury to others when you’re out in your boat. iA Auto and Home also offers “all risks” boat insurance. iA Auto and Home boat insurance covers your accessories, trailers and hitches, and provides additional coverage for damage by pests. Even your fishing equipment is covered up to $8,000! Your boat is big investment—keep it protected.

Here are the main details you'll need to provide when you insure your boat:

• Your boat-related claims over the past 5 years
• The names of the other people who will be driving your boat, and their driving records
• Boat type, length and make
• Engine type and horsepower
• Maximum boat speed
• Accessories and equipment to be insured
• Purchase date and price of boat and motor
• Serial numbers (boat, motor, engine mount, trailer, etc.)
• Anti-theft system (mandatory for some boats)

Factors like engine horsepower and the type or size of your boat can affect the cost of your boat insurance. The insurance options you choose are also a factor. Our top advice—call us to find out if you qualify for any discounts to get a good deal on your boat insurance!