Boating is a favourite pastime for many Canadians. There’s nothing like being on open water, feeling the sunshine and enjoying boat life with a refreshing breeze flowing around. But, before you head out on the boat alone or with others, make sure you know how to boat...
According to the Insurance Bureau of Canada, catastrophic losses total about $2 billion per year. Water damage accounts for the majority of this. There is one recurrent trend his team sees among claimants, according to Shawn Little, Director of Technical Property and...
Many home insurance policies provide partial coverage for watercraft, but it’s likely that you will need specific boat insurance coverage to be fully protected if you own a recreational boat. Most homeowners policies provide maximum payouts of just $5,000 or 10% of...
As winter draws to a close and we put our skis and snowmobiles away for another season, our thoughts turn to summer fun. In between, we use spring to start making plans for the beach or the cottage and fun in the water. Boat shows abound for those looking to buy their...
While many people believe that inland marine insurance covers items on the water, this is not accurate. In fact, Canadian inland marine insurance is designed to cover goods that are in transit over inland roadways. Naturally, Canadian winters can be brutal...
