Insuring Your Boat

Surrounded by the Great Lakes as we are, many people enjoy recreational time on the water. If your boat is financed, docked at a local marina or stored in your private boathouse, insurance can protect your liability risks. While boat insurance is not mandatory it can cover damage, liability and other unforeseen events and the brokers at DPM Insurance Group are prepared to assist you in finding the best coverage to meet your needs.

Types of Insurance

Hull and Machinery insurance can provide damage coverage up to the total loss of your boat and attached equipment.

Protection and Indemnity insurance provides liability coverage that protects you against property damage and bodily injury. It also provides help with investigating a loss and preparing your defense. If you are found to be at fault, it provides payment up to the limit listed in your policy.

Medical Payments insurance provides coverage for incidental medical expenses due to an incident on your boat.

What insurers need to know

The information that an insurance company requires about a boat and its operators is similar to the type of information it needs to provide auto insurance. It includes:

  • The boat’s length, type and value
  • Its condition and market value – your insurer may ask for a survey if your boat is more than 15 years old
  • How frequently the boat is used, what it’s used for, and how and where it is stored
  • The waters you typically navigate and if you ever charter your boat
  • The experience, loss and claims history of the owner and/or operators
  • If the operators are members of the Sail Canada or Canadian Power and Sail Squadrons.

At DPM Insurance Group, whether you’re on land or on the water, Your Security – Our Responsibility.

Blenheim Office

24 Marlborough St. N., Box 479
Blenheim, ON N0P1A0

Phone: 519-676-8159
Fax: 519-676-0020

Chatham Office

250 St. Clair St.
Chatham, ON N7L 3J9

Phone: 519-352-4343
Toll Free: 1-800-561-4949
Fax: 519-352-6484

Essex Office

29 Talbot St. N, Box 69
Essex, ON N8M 2Y1

Phone: 519-776-6457
Fax: 519-776-7400

Harrow Office

65 King St. W., Box 790
Harrow, ON N0R 1G0

Phone: 519-738-2277
Fax: 519-738-2279

Tilbury Office

59 Mill St. E, Box 1239
Tilbury, ON N0P 2L0

Phone: 519-682-0202
Fax: 519-682-2391

Wallaceburg Office

403 Wellington St.
Wallaceburg, ON N8A 2Y2

Phone: 519-627-1777