Watercraft Insurance: Protect Your Time on the Water
Make the most of the lake season. Whether you’re cruising in a pontoon, fishing from a boat, or hitting the waves on a Sea-Doo, we provide tailored protection for your hull, motor, and equipment so you can stay worry-free.
Types of Watercraft We Insure
Whether you’re cruising, fishing, or enjoying high-speed watersports, our policies provide essential protection for a wide variety of vessels:
Boating Safety & Resources
With approximately 12.4 million Canadians enjoying our waterways, safety is paramount.
Safety Alert: Recent statistics reveal that nearly 40% of boaters venture out without the legally mandated safety equipment. Review these resources to stay protected.
Canadian Safe Boating Council
Access expert advice and programs designed to promote safe and responsible boating practices across Canada.
Office of Boating Safety
The official Government of Canada source for marine safety regulations, licensing, and oversight.
Boating Safety Guide (PDF)
A comprehensive visual guide to the safety equipment you are legally required to carry on board.
Stay informed, stay safe, and enjoy the Saskatchewan waters responsibly.
Quick & Easy Online Registration Management
Renew Vehicle Registration | Purchase 24 Hour & 8 Day Permits
We provide tailored insurance solutions for your specialized vehicles:
Protect your investment with agreed-value coverage tailored to the unique needs of collectors and vintage enthusiasts.
Robust protection for your all-terrain vehicles, covering physical damage and liability so you can explore the outdoors with confidence.
Specialized coverage for off-road motorcycles, providing essential protection for your bike and liability on and off the trail.
Comprehensive plans for riders, offering protection for your bike and liability while the bike is stored or you’re out on the open road.
Winter-ready coverage for your sled. Protect against theft and damage while ensuring you have the right liability for the trails.
Comprehensive protection for your home-on-the-road, covering the unit while it is in storage or out exploring. Get coverage for wind, hail, and more.
Watercraft Insurance Frequently Asked Questions
Do I need to cancel my boat insurance in the winter?
You don’t need to cancel your policy. In Saskatchewan, marine policies include a “lay-up” period, usually from November 30 to April 1. During this time, your boat is covered while it is stored on land. This ensures you are still protected against theft, fire, or rodent damage while the boat is out of the water.
What is the difference between Agreed Value and Actual Cash Value?
Agreed Value means if your boat is a total loss, you get the exact amount listed on your policy without any depreciation (the drop in value as things get older). Actual Cash Value pays out what the boat was worth on the day of the accident, which accounts for its age and wear and tear.
Is my boat trailer covered under my boat insurance policy?
In Saskatchewan, boat trailers and the boats themselves are treated as separate policies. Your marine policy covers the vessel and its motor, while the trailer requires its own registration and extension policy to be protected against damage or theft.
Does my insurance cover my fishing gear and life jackets?
Yes, most of our policies include coverage for “Personal Effects.” For example, Aviva Canada’s NauticLife product typically provides up to $5,000 to repair or replace items like fishing equipment, water skis, and safety gear if they are lost or damaged while on board your watercraft.
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