If you’re confused about boat insurance, rest easy. At CMR, we’re here to help you understand the ‘ins’ and ‘outs’ of watercraft insurance so that you can keep your head above water!
We can insure power boats, ski boats, cruisers, trawlers, bass boats, pontoon boats, deck boats, catamarans, houseboats, seadoos, jet powered boats, yachts, sailboats and more.
If you are buying a used boat, we recommend that you consider getting marine survey done by a qualified marine surveyor before making a substantial boat purchase.
A boat is likely one of the more expensive investments in your life, right after your home and/or vehicles. CMR is here to bring you the most competitive watercraft insurance products available so that you can have peace of mind.
Did you know?
Your homeowner’s insurance policy has limited coverage for some boats that meet very specific requirements.
A separate boat insurance policy not only covers damage to your boat in and out of the water, but it can also provide liability protection in case you are responsible for injury to swimmers, water skiers or other boaters or damage to another boat, a dock or the environment (due to fuel spillage).
Discounts may be available for completion of the Canadian Power Squadron Course and other recognized safety courses.
This short video from Central Insurance provides some general boat insurance information. Remember though, coverage can vary so speak to your CMR Broker to find out what is and is not covered by your policy.
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