BOATsmart! Assure: Frequently Asked Questions
How do I set up a policy?
The first step to setting up an insurance policy with BOATsmart! Assure is to obtain a no-obligation quote. Get your instant online quote here or call us for a quick no-obligation quote at: 1-855-829-6753
Once you are comfortable with the quote and coverage offered, all that is needed to activate the policy is your signature as an acceptance, confirm the effective date, serial numbers of all insured items, and finance information if applicable and annex copy of Bill of sale.
Do I need to insure my boat?
You are not required to carry boat insurance by law; however, it is a good idea to carry insurance to minimize the chance that you will be held personally liable for damage or injury to another person or their property. In the event that you are financing your boat purchase, most finance companies will require you to insure the boat before they will approve your loan.
How can I make a change to my policy?
You can make any type of change to your policy by speaking directly with a BOATsmart! insurance specialist in our office by calling toll-free 1-855-829-6753. This is the preferred way to make a change as our staff members are able to inform you how the change may alter your coverage or premium, and the change can take effect immediately.
Isn’t my boat covered under my auto or homeowner’s insurance policy?
Typically, home and auto insurance does not provide you with the right coverage for your boat or personal watercraft. Most homeowner’s policies have size restrictions, as well as limitations on horsepower, and damage coverage. BOATsmart! Assure provides you with specialized marine coverage that home and auto policies to do not include. If you don’t have a seperate boat insurance policy, you’re typically underinsured.
What types of boats does BOATsmart! Assure cover?
You see a variety of different car models on the road, but who knew there are so many different models of boats out on the water? As a boat enthusiast, you probably did. BOATsmart! Assure covers many different styles of boats or personal watercrafts. Our coverages were designed by boaters, for smart boaters like you. Our features include $5000 in emergency towing, quick claims settlement so you can get back on the water faster and you can even choose where to repair your boat
Get your instant online quote here or call us for a free no-obligation quote at: 1-855-829-6753 to see how much you can save today!
Is a marine survey required?
In April 2015 the rules and requirements for marine surveys were changed to the benefit of boaters all across Canada. The new guidelines state ‘All boats 20 years or older that are under 30’ in length with a current market value of under $30,000 no longer require a complete survey.’ If your boats fits within these guidelines all you need to do is email a series of out of water pictures of all sides of the boat to us – and you’re done!
If your boat is longer than 30’ or valued at more than $30,000 then a survey every five years is still a modest investment to ensure that your vessel is safe, sound and seaworthy. (Accredited marine surveyors)
Do I need boat insurance for the winter?
Even when the summer ends and you are packing your boat away for the winter, your boat may still face risks while it’s in the storage. Fire, vandalism and vermin infestation are all year round risks that you may run into. If you terminate your boat policy for the winter months, and a theft or some other incident were to occur, you could be responsible for covering the damage yourself. Home and auto insurance policies may not cover a boat in storage, which is why boat insurance is essential.
What is Emergency Towing?
If your vessel is disabled for any reason there is coverage up to $5,000 for the cost of being towed to the nearest repair facility, having fuel delivered to you or the cost of emergency labour performed at the site of disablement. Use of the Emergency Towing coverage does not affect your insurance premiums and no deductible applies.
How can I reduce my premium?
Reviewing the policy with your broker is the first step to getting the best value. They can identify any optional coverage on your policy that can be removed, which may result in a premium decrease. They can also explain the value in keeping the optional coverage, which you may not have been aware of. Another option is to choose the deductible amount that is right for you. In many cases, increasing a deductible can result in a lower premium.
Does my policy provide coverage for emergency towing?
If your vessel is disabled for any reason there is coverage up to $5,000 for the cost of being towed to the nearest repair facility, having fuel delivered to you or the cost of emergency labour performed at the site of disablement. Use of the Emergency Towing coverage does not affect your insurance premiums and no deductible applies.Back to Table of Contents