One of the many joys of living in this beautiful country is the plenteousness of freshwater lakes, which are perfect for boating. There is nothing better than to be on your boat on a beautiful sunny day. We at Aaxel Insurance understand how important it is to help keep your boat protected on the road and on the water. Before your next outing on the water, let us make sure you have the best coverage for your needs.
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Frequently Asked Questions About Auto Insurance
Get straight and simple answers to all your insurance frequently asked questions. These FAQs were gathered from Canadian like you.
A boat insurance policy may cover you and your boat or personal watercraft against liability and damage, in the event of a boating accident, including if you injure someone or damage someone else’s property with your boat.
Boating is a lifestyle choice and one you have worked hard for. By insuring your boat you are protecting your investment and your lifestyle against the financial hardship caused by the unexpected, whether it be damage to your own boat, the property of others, or physical injury. With the right type and amount of insurance on your boat, you can have peace of mind knowing you are protected from the risks that are around us in everyday life.
Boat insurance is not mandatory in Canada. However, there are certain circumstances when it becomes mandatory. For example, when you finance your boat, the bank will want confirmation that the boat is insured for the life of the loan. Also, if you are mooring at a marina, you may be required to carry a certain amount of liability insurance.
Insuring your boat for the right amount is very important. If you over-insure your boat, you could be paying more premiums than you need to and if you under-insure your boat and a loss occurs you could be left covering the cost of damage, theft or loss of property out of your own pocket. Let Aaxel take that worry away, by getting you the best coverage at an affordable price.
You can start by completing our online quote form, for your boat insurance.We will offer you a very affordableboat insurance premium and the best possible coverage as per your needs.
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