What do I need to operate a boat in Ontario?
If your boat is not owned outright your lender will require you to have insurance on it. In order to drive a boat, you must have a Pleasure Craft Operators Card (PCOC) Inc. Any boat insurance policy will not accept claims if the operator of the boat does not have their PCOC.
You can choose from two main boat insurances policy types:
Policy – Type 1
The actual worth of your asset – it will account for depreciation – based on its life expectancy, what it would sell for now, and the condition of it at the time of the claim.
Policy – Type 2
A monetary amount agreed upon at the time the insurance policy is issued. Policies apply while the vessel is; in the water, in storage, or in transit.
Personal Water Sports Liability (PWC) Insurance
Will cover your PWC for acts of vandalism, theft, collision, fire, lightning, storm or vermin damage
In the event that your vessel sinks, leaks or spills foreign fluids as a result of an accident, you are insured for the necessary clean up or damages caused.
Uninsured Boater Insurance
If your boat is an accident with another boat, and that boater does not have their own insurance; you will be covered.
If you are in need of a tow, this insurance provides for that.
Ingestion of Motor Insurance
If your boat motor ingests an object (such as; a rope or weeds) that causes the motor to stop working, you will be covered under this policy.
Boat Dock Insurance
Do I need a boat dock insurance? You do, if you answer yes to any of the following: I am building a new dock, I am adding to my existing dock, or I have a seasonal dock. Note: All new docks being built must be approved by the Ministry of Natural Resources and Forestry (MNRF) if it encompasses in excess of 15 square feet of the land that naturally touches the water.