Owning a small boat can be a fun experience, so much so that you may be distracted from the importance of an insurance policy. If you own or are planning on owning a small boat in Ontario, our team at Northstar Marine Insurance highly recommends getting a comprehensive small boat insurance plan. Take a look at our blog below for on outline of the importance of this process. Protection Small boat insurance will not only protect your investment, covering the costs of repairs and replacements in the case of a damaged watercraft, it also protects you from liability exposure if someone is injured on your vehicle. Options Although most people decide on attaching their boats to their home or cottage policy, if this is not an ideal path for you there are other options to look at as well. One of these is standalone coverage, which involves going through a marine insurer. Despite the higher price, the benefits are more than worth it. Some of these benefits include: Separation of risk Better protections Emergency towing coverage The biggest benefit is separation of risk, which means if you have a claim on your boat, it does not go back to your property policy, meaning no increase in your home insurance premium and you avoid incurring a claim on your record. The protections you will get from these policies are also much more comprehensive and include vermin coverage and theft protection. Northstar Marine Insurance is Ontario’s leading marine insurance specialists, and can always answer all of your questions and concerns, and thoroughly explain coverage options and details of your policy. We do not charge issuing fees; we have flexible payment options, which include monthly payment, Internet banking, and credit card payment options. For those with a small boat in Ontario, contact Northstar Marine Insurance specialists today for a free quote, and receive more information about boat insurance options for Ontario. Call us at 1.866.717.9295 or through our online quote form.
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