Boat Insurance FAQ

In most cases, no. Home insurance offers only limited protection for small boats and often excludes liability, towing, theft, and pollution damage. A dedicated boat insurance policy provides complete protection on and off the water. Get your free quote today.

We cover a wide range of watercraft, including:

• Fishing boats and motorboats
• Sailboats and catamarans
• Pontoon boats
• Personal watercraft like Jet Skis and Sea-Doos
• Trailers and fixed onboard equipment

Not sure if your boat qualifies? Our advisors will help you find the right plan.

Boat insurance cost depends on your boat’s size, value, horsepower, usage, and storage location. On average, premiums range from 300 to 1,500 dollars per year, with some plans starting under 50 dollars per month. Wondering how expensive is boat insurance? Let us show you affordable options tailored to you. Speak with our advisors today.

Technically, no. But practically, yes. If you’re asking, "Do you have to have insurance on a boat?" or "Do you need insurance on a boat?" the answer depends on where you store it, who you boat with, and whether you're financing it. Panda7 helps you find the right protection quickly. Speak with our advisors today.

In most provinces, boat insurance in Canada is not legally mandatory. However, it is strongly recommended. Without coverage, you could be held responsible for property damage, personal injury, or environmental cleanup. Protect yourself with the right plan. Speak with our advisors today.

No. Boat insurance in Quebec is not legally required. However, many marinas, financing providers, and storage facilities require proof of coverage. It also protects you from major out-of-pocket costs after an accident. Not sure what you need? Our team can help you get a free, personalized quote. Speak with our advisors today.