Lifestyle planning.
Why pay more for comprehensive boat insurance?
Boating is a lifestyle unto its own and with the freedom of owning a larger sail or motor yacht comes the responsibility to insure it fully, for your lifestyle.
Yachts and larger boats have a different set of exposures and risks. The brokers at Harbour Insurance will assist to evaluate your risk. Helping you to make an informed decision on how to insure your vessel. The most important aspect of insurance is at the time of a loss. Harbour Insurance is here to assist. We are constantly in touch with surveyors and claims adjusters, and are fully committed to fair and prompt claims settlements for our clients. Call the yacht insurance specialists today.
Benefits of Harbour Boat Insurance
- Your all risks Harbour Insurance policy will cover your hull & machinery against various perils. Includes underwater damage should you strike a submerged object.
- Annual policy with no lay up warranty. Why should someone dictate to you when you can use your boat?
- Experienced boater discounts available
- Agreed value coverage. We pay the limit of coverage shown on the Declaration Page of the policy. If the vessel is a total loss, no deductible is applied.
- Coverage for partial losses. We pay the cost to repair or replace with materials of like kind and quality, with no depreciation.
- Personal effects coverage ($2,000*). Protect your personal contents on board. As our policy is ‘First Payer’, you can avoid making a claim through your home insurance.
- Emergency expense ($1,000*) – We offer to reimburse you for towing and emergency assistance in the event of a mechanical failure or if you run out of fuel. Using this will not affect your claims free status.
- Southern navigation options. With our Extended Southern Navigation Coverage, Canadians are free to set sail and head south!
* Increased limits of coverage are available – ask about our Pleasurecraft Enhancement coverage.
- Personal effects ($10,000). The amount of insurance is increased to $10,000
- Reimbursement of emergency expenses ($5,000). The amount of insurance is increased to $5,000.
- Search and rescue ($5,000). We will pay up to $5,000 for the reasonable expenses incurred for search-and-rescue operations in the event any person is lost at sea from the Insured Vessel.
- Loss of use. If the Insured Vessel is damaged by an insured peril while you are on holiday, we will pay for a temporary substitute vessel or temporary accommodation, up to a maximum limit of $2,500 per occurrence.
Yacht coverage
- $2 Million Personal Protection & Indemnity Liability. Options to increase up to $5MM
- $1 Million Uninsured/Underinsured Boater Protection – up to $2MM available
- $1 Million Waterskiing Liability – up to $2MM available
- $2000 Personal Effects Coverage
- $1000 Reimbursement of Emergency Expenses
- $1000 for Fire Department Expenses
Sailboat coverage
- $1 Million Personal Protection & Indemnity Liability. Options to increase up to $5MM
- $1 Million Uninsured/Underinsured Boater Protection – up to $2MM available
- $2000 Personal Effects Coverage
- $1000 Reimbursement of Emergency Expense
Benefits of Fisherman’s Trophy
- Exclusive to Pacific Marine pleasure craft insurance policies
- Higher limits coverage and NO deductibles on personal effects
- Extended navigation zone now down to the 35th degree North
Free Value Added Packages for Sport Fishing Boats
$10,000 Fishing Equipment and Supplies
To protect your rods, reels, jigs, rigs, hard/soft baits, tackles, electronics, tools, lines, attractants, nets, waders, leaders, hooks, on board storage supplies, lures and fishing gear.
$2,000 Loss of use expenses
For renting a temporary vessel, charter vessel with guide and temporary accommodation expenses at specific sub limits.
$2,000 Reimbursement of emergency expenses
For commercial towing, labor costs and running out of fuel.
$1,000 Search and rescue expenses
To protect against persons lost at sea
Free Water Sport Packages for Ski & Wakeboards
Available for all water tow sports. Insure valuable equipment before boating season starts.
$5,000 Boat towed water sport equipment
For boards, skis, ropes, bindings, handles, helmets, gear and accessories.
$2,000 Loss of use expenses
For renting a temporary substitute vessel or temporary accommodation expenses at specific sublimits.
$2,000 Reimbursement of emergency expenses
For commercial towing, labour costs and running out of fuel.
Additional premium options available for $50*
- $10,000 Boat towed water sport equipment
- $5,000 Personal effects
- $2,000 Loss of use expense
- $2,000 Reimbursement of emergency expense
- $1,000 Search and rescue expenses
*Non-refundable
Additional credits available, contact a Harbour broker for more info. Applicant must be claims-free for over 5 years. Owners/operator must be experienced. Or have a boating education such as Canadian Yacht Association (CYA) or Canadian Power and Sail Squadron (CPS).
To insure your yacht, you may need a survey to determine its condition and current value. An out of water survey is required for boats 15 years of age or more. And a new survey every 5 years thereafter. Find an Underwriter approved list of surveyors.
- Learn about Extended Southern Navigation Coverage
- Get our approved surveyors list
- Download our application and apply for a payment plan
Request a yacht or sailboat insurance quote online below and a Harbour Insurance Broker will contact you within one business day to finalize your policy and premium. Or call us direct at 1.877.731.1224 or 1.705.528.1276.