Watercraft Insurance in Ontario

Protection for your watercraft both on and off the water.

There are so many opportunities to enjoy your downtime on the water. Ontario has 250,000 lakes to enjoy, including potential boating spots like the Muskokas, the Kawarthas, Georgian Bay, and the Thousand Islands.

Whether you’re going fishing down at the lake, visiting your cottage on the weekends, or sailing to the Caribbean, you can rest assured that the experienced team at Jeffery & Spence can help you navigate your watercraft insurance requirements.

Request a watercraft insurance quote today.

  • This field is for validation purposes and should be left unchanged.

Personal Watercraft Insurance Coverage

The Jeffery & Spence team are true professionals who are dedicated to making sure you have an awesome experience. Working with their team has been great and I would highly recommend them to anyone! 10/10 - keep up the great work Jeffery & Spence.read more
Ryan Vielma
Ryan Vielma
21:03 15 Feb 19
My family and I have been insured through Jeffery and Spence for 14 years, and we will all always be loyal clients to this wonderful brokerage.read more
Ashlean Richardson
Ashlean Richardson
17:50 27 Nov 18
Have been with them for ages and wouldn't hesitate to recommend them to anyone. I have also gladly referred friends to them and they have taken good care of them as well!read more
Jason Shaw
Jason Shaw
20:38 02 Jan 18
شركة تامين لا باس
03:57 11 Feb 19
unbelievable service, literally saved a client of mine from a major catastrophe, highly recommend. Kyla was amazing
Andra Arnold
Andra Arnold
17:19 18 Apr 19

While watercraft insurance is not typically mandatory in Ontario, there are a number of situations where you may need to carry insurance coverage.

Insurance coverage for your watercraft will typically include two main components:

  • Liability coverage
  • Physical damage coverage

It is generally recommended to carry several million in liability coverage for your personal watercraft. In some cases, your marina may ask for specific liability limits, and you may need to extend your coverage to meet these requirements.

Physical damage will cover both the watercraft and its contents, which is particularly important if you own a yacht or larger motor launch. This coverage also provides boat trailer insurance and extends to physical damage incurred while trailering your boat at the end of the season.

You can also select coverage options for your boat during the winter to ensure that it’s protected from theft, vandalism, and damage from snow and ice. We suggest keeping your watercraft insured year-round, as a surprisingly large percentage of claims come from damages incurred in the off-season.

Watercraft insurance coverage options will vary widely from provider to provider. Book a consultation to meet with our team to review your specific situation and ensure you are properly protected.

Your Watercraft Insurance Premiums

Your watercraft insurance premiums will be influenced by a variety of factors, including:

  • The size and horsepower of your watercraft
  • The total value of your watercraft
  • The experience and certifications of the captain
  • Your navigational range

Our Watercraft Insurance Options

We can arrange insurance for a variety of personal watercraft in Ontario, including:

  • Bass boat insurance
  • Sailboat insurance
  • Seadoo and jetski insurance
  • Pontoon boat insurance
  • Powerboat insurance
  • Wakeboarding boat insurance
  • Yacht insurance
  • And more

Most watercraft insurance policies will provide coverage for a broad navigational territory, including Canada and the Northern United States. Extended navigational coverage for the rest of the Eastern Seaboard and the Caribbean is also available.

Your insurance policy can also be customized to include coverage options for emergency towing, loss of navigational equipment, wreck removal, vermin damage, personal effects replacement, and accident benefits and medical coverage. Learn more about the various options for your watercraft insurance coverage today.

Contact the watercraft insurance experts at Jeffery & Spence today to discuss your coverage options.