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Watercraft
Insurance

There’s serenity in being on the open water and the pull of adventure in every ripple—moments that linger long after the sun sets. Over 4,000 boat owners across Ontario trust The Commonwell to protect their adventures on the water. Whether it’s your fishing boat, pontoon, or personal watercraft, our tailored coverage lets you focus on smooth sailing and sunny skies—while we handle the rest.

Coverage Options
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WATERCRAFT INSURANCE

What We Cover

Explore our comprehensive watercraft insurance options designed to keep you, your passengers, and your vessel protected all season long:

Comprehensive “All Risk” Coverage

Boats face plenty of risks on and off the water. This coverage protects against most types of damage—with full cash value and depreciation waived on partial losses for newer watercraft.

Personal Property & Tenders

From fishing gear to life jackets, your essentials matter. This includes $500 in “all risk” coverage for personal items and an additional 5% for tenders.

Liability & Medical Protection

Accidents can happen, even for experienced boaters. You’re covered with $1,000,000 in liability protection and $1,000 in voluntary medical payments to keep everyone safe.

Transportation & Marina Coverage

Your boat is protected on land and water—covering transport within 500 miles of your home port and allowing for standard marina Hold Harmless agreements.

From weekend cruisers to early morning anglers, our brokers know what life on the water means in Commonwell Country. They take the time to understand your vessel, your routes, and your routine – building coverage that fits how you boat.

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WATERCRAFT INSURANCE

Why Choose The Commonwell for Your Watercraft Insurance?

Local Expertise

Our brokers know the lakes you navigate to the marinas you dock at. That local insight means your watercraft coverage is designed around your lifestyle.

Personalized Service

From small runabouts to classic cruisers, we tailor coverage to your vessel, lifestyle, and the adventures ahead.

Confidence on the Water

With trusted protection and responsive support, you can focus on the moments that matter—sun, waves, and open water.

Resources

Important Things to Know

Add a watercraft rider for comprehensive protection and confirm all operators are licensed. Ask your broker about replacement cost options for added security.

Speed rating, experience, and usage affect your premium—ensure your PWC is insured under a dedicated policy designed for its unique risks.

Insure for appraised value, protect against theft, and confirm all drivers are licensed. Adjust routes and mooring based on changing water levels.

Remember—boating DUIs or accidents can affect your auto insurance. Safe boating protects more than just your vessel.

Smart boating should be rewarded. Enjoy discounts for safety training (Power Squadron), essential onboard features (automatic fire extinguishers), or bundling your watercraft policy with home and auto coverage.

Safe habits pay off. Earn extra savings for staying claims-free or outfitting your boat with advanced navigation tools like U.H.F. radio, depth sounder, sonar, radar, Loran, or GPS.

Every wave, every wake, every memory—protected.
Connect with a Commonwell broker today to build the right coverage for your boat and set sail with confidence.

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