Boat & Marine Insurance

Cruise the water with clear protection

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A woman relaxed with a coffee on the deck of her sailboat.

We’re the boat & marine insurance experts


Deciding to buy a boat can be as big of a decision as buying a home. From licencing to watercraft insurance, safety training, and securing docking, you need to be equipped with the right knowledge before diving in. 


Our specialized insurance brokers are knowledgeable and dedicated to providing you with the best marine insurance experience possible. We understand that your boating needs are unique and dependent on your type of boat.


Orbit has your back on and off the water.

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A parent and their child, wearing life jackets, laughing and smiling as they ride on their Sea-Doo.
Two young boys joyfully jumping off the back of a boat

Power Boats


Throttle down and enjoy the waves with ease! Just like not all boats are the same, not all marine insurance policies are the same. Orbit's insurance brokers find the right insurance bundles for your boating fun.


We insure all shapes and sizes of power boats, including but not limited to:


  • Jet boats
  • Pontoon boats
  • Personal Watercraft (e.g. Jet Ski, Sea-Doo, etc.)
  • Runabouts
  • Cruisers
  • Bass/fishing boats

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Sailing Boats


Our marine insurance specialists will help you find the right boat and marine insurance so that you can enjoy your time on the water. We ask the right questions to provide robust sailboat insurance options for your sailing adventures.


We insure all shapes and sizes of sailboats, including but not limited to:


  • Sailboats
  • Dinghies
  • Yachts
  • Monohull
  • Multihull
  • Southern Navigation

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Grandmother, daughter and granddaughter enjoy a day of sailing
A dog in a lifejacket sits on the bow of its owner's boat.

What insurance coverage should I look for?


There is a wide selection of watercraft you can purchase, which is why we have a wide variety of insurance to meet your needs. Here are some things to think about when insuring your boat:


  • Do you need watersports liability included in your policy? 
  • Do you need coverage that is offered on an agreed value or actual cash value form?
  • Are there personal items on your boat that also need to be covered?
  • Are you planning to travel outside Canadian waters, and need navigation extensions?
  • What are your options if you need an emergency tow?
  • Are you fishing off your boat, and do you need to trailer it often to travel?
  • What other equipment is on your boat?

 

At Orbit, we revolve around you. Our insurance brokers and service team are equipped to help you, no matter the need. Our goal is to provide you with protection that fits your boating plans with competitive pricing and quality service that is there for you when you need it most. Contact us today to get your own personalized quote.

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Questions about insuring your watercraft?

In Canada, boat owners are not required to have watercraft insurance in most cases. However, if you are planning to store your boat at a marina or public dock, proof of insurance may be required. As well, if you are financing a watercraft, the lender may require boat insurance before your loan is approved. 
 

At Orbit we always recommend having insurance on any vehicle to protect you from unforeseen liabilities and damages, whether it has four wheels or floats. By insuring your watercraft, you are protecting yourself and your investment from the financial hardship that can be caused by the unexpected. As the owner, it is your responsibility to cruise the water safely and with knowledge of what to do in case of an emergency. But let us worry about insurance so you can hit the water with confidence that you’re covered and ready! Get a quote or contact an Orbit insurance broker today at 1-866-717-9295 to learn more about your options!
 

We are not only experts in home and auto insurance. At Orbit, we have years of expertise with recreational insurance, including boats! We’re here to be your insurance ally and your trusted advocate.

We’re also an active member of the marine industry, because it’s important we stay updated on recreational boating trends. This way, we can provide you with the service and boat insurance you need. Orbit is a proud member of the following associations:
 
Our insurance brokers realize you have a busy life, so we make purchasing boat insurance easy with our straightforward approach and unbeatable expertise. Get a quote.

Not all marine insurance policies are the same. We help tailor your policy based on your boating needs. Here's a list of some coverages that could be included:
 
  • All risk coverage
  • Agreed Value - no depreciation on full and partial loss
  • $3,000,000 liability
  • $3,000,000 watersports liability
  • Emergency towing up to $5,000
  • Accidental pollution liability
  • Wreck removal
  • Uninsured boater coverage
  • Vermin (raccoon, squirrel, mice) damage
  • Loss of use
  • Personal effects coverage up to $5,000
  • Medical expenses
  • Accidental death coverage
Contact an Orbit insurance broker today at 1-866-717-9295 to learn more about your options!

Risk never sleeps and claims don’t stop when the boat comes out of the water. We’re here to serve you and your insurance needs 24 hours a day, 7 days a week, 365 days a year. Our advice is to protect your boat year-round. Then you can have peace of mind that your asset is protected, even in the off-season. 

As an example, here are a few of the common winter claims:
 
  • Vermin damage - raccoons love living in boats for the winter
  • Theft
  • Vandalism
  • Storage shed collapse due to storm damage
  • Storm damage

Still not sure if you need protection outside the boating season? Talk to your insurance broker about your options. Get a quote.

Insuring your watercraft for the right amount is important to make sure you aren't overpaying or don't have enough coverage if loss occurs. If you over-insure your boat, you are paying more premium than you need to. If you under-insure your boat and a loss occurs, you could be left covering the cost of damage, theft or loss of property out of your own pocket. At Orbit, we want to make sure we give you the absolute best value, so talk to your insurance broker about your options. Get a quote.

Nope! If your policy is on a monthly payment, the payments will automatically continue for the next policy term. You will be sent a new billing schedule showing the date and amounts of the withdrawals.

No, you don't need to carry proof of insurance with you on your watercraft, as this is not required by law.

If you experience a loss that exceeds your deductible, ask your insurance broker what the impact might be on your premium if you make a claim. Weigh the cost of the premium increase against the cost of repairing the damage. If you decide to move ahead with a claim, report the claim immediately. Submit your claim online.

Your watercraft insurance policy can only be cancelled when we receive a written cancellation request referencing the policy number and cancellation date, signed by all named insureds. If you need to send a cancellation request, please speak to one of our insurance brokers at 1-866-717-9295 to discuss your delivery options.

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