Boat Insurance Discounts

All operators of watercraft are required to be trained and to possess a current “Pleasure Craft Operator’s Card”.

However, boat operators may qualify for premium discounts based on training and vessel equipment.

For example, operators who have successfully completed training courses through the Canadian Sail & Power Squadrons may be entitled to credits from some insurance companies for additional courses such as:

  • Adavanced Piloting
  • Seamanship
  • Junior Navigator
  • Global Navigation
  • Electronic Navigation
  • Boat & Engine Maintenance.

Underwriters also consider some equipment as beneficial when rating policies. Items such as:

  • VHF Radios
  • GPS
  • Radar
  • Automatic Fire Extinguishing Systems