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you saving hundreds of dollars a year on average.
Get free & accurate quotes from Canada’s top insurance providers. In just a few minutes, our quoter can unlock discounts that can have you saving hundreds of dollars a year on average.
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Types of boats we insure
small boat
Small Boat
cruiser
Cruiser
fishing boat
Fishing Boat
pontoon
Pontoon
small sailboat
Small Sailboat
bass boat
Bass Boat
personal watercraft
Personal Watercraft
yacht
Yacht
Boat Insurance

Can you think of a better way to spend a summer day with your family than out on the water in your own boat? Boating is a great summer activity that is popular in several provinces across Canada. You can use your boat to travel from place to place, find that perfect fishing spot at your cottage and more. The possibilities are endless!

However, even though we only use our boats for a small portion of the year, it’s important to have boat insurance in Canada all year round. Having boat insurance can financially protect your watercraft, belongings and more. Additionally, boat insurance can protect your boat on the water and when it’s docked, which helps prevent surprises from occurring down the line.

Do you need help finding the right boat insurance policy for your watercraft? Don’t hesitate to reach out to a Surex insurance advisor today! At Surex, our top priority is helping you save on insurance, including boat insurance in Canada. So, instead of picking the first product that you find, shop with Surex to find the best deals!

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Boat Insurance FAQs

Boat insurance covers you in the event of a loss or damage to your watercraft. It covers most watercraft with motors, including fishing boats, paddle boats, leisure crafts, even yachts (for you high rollers!). For smaller boats, you may find some limited coverage under your homeowner's policy, so it's best to chat with your Surex Advisor about what you're covered for and what you need to add onto your policy when you buy a boat.

Ontario does not have a law that requires you to carry insurance on your boat or power watercraft. There might be a time when you have no choice but to purchase boat insurance in Ontario. However, marinas in Ontario will require proof of boat insurance before they will allow you to use the marina or store your boat on their property so it is always best to be covered.

The amount of boat insurance you will need depends on a number of factors such as the value of the boat, the motor size, the age and how you use it (speed boat vs a pleasure cruiser). For example, if you bought a new high-performance speed boat, you will need more coverage for bodily injury and property damage liability than you would if you had a pleasure cruiser.

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