Boat insurance for Canadians

anyone have a hot tip as to where to get boat insurance? I am currently paying $750.00/yr for an 2006 X-star.

Where are you in Canada... its a big place you know.. lol

$800 a year for a 2007 Malibu VTX

I am in Calgary.
I was checking out another site, and it seems that some Americans pay substantially less than Canucks.
I would assume that I cannot buy insurance for my boat across the border. (ie the broker for is based in Canada)
The thing that bugs me is the underwriter is a US based company

Craig, who are you through? I am with Beacon.

I am paying about $750 for 2008 RZ2

Im in B.C.

I was with Beacon the 1st year, and then switched to ( I will have to look it up)

$800 a year for 06 VLX. It is what it is.....

I am with Tom at Rangeland. the underwriter is Premier Marine Insurance.

got mine through lakeview insurance in calgary, ~250 for a 96 v210, talk to John Jr or Sr 287-2521

I live in calgary and I pay $800 a year for a 2006 Calabria pro V 2. If you would like my broker then Email me and I will give you the info. Email in profile

There are two main insurance providers for boats in Canada from what my agent tells me. Beacon Underwriting and Premier Marine. I also found State Farm to be competitive in the past but they required you to have your house with them as well (or thats what my agent said). The rates are based largely on value of the boat so a 96 v210 will be much less than an 06 VLX.

You would be surprised at the number of uninsured boats on the water as it is not a legal requirement to have boat insurance in Canada. I had a two-day-old bu get run right over while towing behind a houseboat once. The guy had no insurance so my company covered it and sued him.

I am currently with Beacon under a group plan through my waterski association... but I have used Premier too...

I called Dolphin in Vancouver... they have a website you can apply online.. they were another $30 cheaper than my so called group plan at Beacon...

thanks for all the info guys.
2 day old Bu getting run over - that would suck...very badly! gotta b on the twochop.

State farm requires you to have an immaculately clean record (Home and Auto). if you do then the rates are fantastic.

I tried last year thru the waterski Assoc, but after you included the assoc. fees the insurance rate was higher.

I guess 750 to 800 sounds like the going rate. I guess I was just fishing for a better deal.

My father has a 30yr old SeaRay that has never been insured... um $800 x 30yrs = 1/3 new boat

$528 for '06 X-45.
One Beacon Insurance

I am with premier marine and I just paid $695 for my 08 x2.

"The rates are based largely on value of the boat so a 96 v210 will be much less than an 06 VLX."

This is true. If you want cheaper insurance premiums then you can tell them how much you want to insure your boat for. example: $50,000 boat= $800/year, if you only insure it for $25,000 it should be +/-$400/year. But by doing this your maximum claim would be $25,000 if it is a complete loss.

I am with Marine Experts.... full coverage and replacement value for 5 years!

I pay 7 and change for my 2008 x-star...

Give them a call. They are the biggest broker here in Ontario.

http://www.mcleananddickey.com/me-home.html

A division of McLean & Dickey Ltd.

Tel. 1.877.525.4461 | 705.325.4461
390 Laclie Street, Orillia

Im paying $525 for a 95 Ski Ray Inboard.

Matt,

You should get another quote on your Ski Ray. For a boat of that age and value, $525 is steep.

575 for an 03 moomba mobius lsv gravity games edition

$480 for a 2008 Centurion Falcon (premier)

"My father has a 30yr old SeaRay that has never been insured... um $800 x 30yrs = 1/3 new boat"

One lawsuit becuse the nefew or neighbor broke a leg wakeboarding..... you be glad you have a couple million liability Ins.

I uese premier marine-I used them in Vancouer and now in Kelowna-mine has been 824 for an o2 209-X9..that is of course based on value when purchased-full replacement cost and 2 mil li,,,I would like to think it should be cheaper based on what you guys have been quoting...I have looking into other providers...issues arose such as insurance nul and void if incident happens while boat is on a trailer not attached to a vehicle...and other petty things...premier..is basically no issues...turn key...total repalcement and have been a dream to deal with...as I was making sure no issues now that I Moore my boat as opposed to trailering it...the agent was like......"the majority of the boats we insure are moored in vancouver area and avg upwards of 600K each,,,issues with a 60K ski/wb boat are non issues...." My buddy was insured through them...had is boat stolen and they cut him a chq...based on purchase value no issues...
regardless..I may have to rate shop this year!! simply based on value!

just got a quote from premier marine for my 06 x-star. 70k value for the boat, 7k trailer, 5k personal effects and 2million liability $947/yr. still seems a bit high for what i am seeing on here.

(Message edited by craigw3972 on June 09, 2008)

500....06 supra 21v.........marine experts