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post #1 of 14 Old 3 Weeks Ago Thread Starter
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Boat insurance - happy story

I often gripe about boat insurance. I donít like the process, and I donít trust insurance companies to be looking out for my best interests (vs theirs). HOWEVER, I feel I need to eat a little humble pie here with my new policy and broker.

I just switched insurance companies and brokers, and am now paying around 30% LESS than we were previously. And this is for a 42-year-old boat.

Itís comprehensive insurance, including $2M liability (pretty standard for Canadian policies), and covers all the basics one might expect. So Iím pretty pleased.

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Re: Boat insurance - happy story

What computer and broker?

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Re: Boat insurance - happy story

Broker is Fairway Insurance out of Digby Nova Scotia: Digby NS Insurance Agency, Nova Scotia Home Insurance, Nova Scotia Auto Insurance, Nova Scotia Business Insurance | Fairway Insurance

And the policy is underwritten by Intact Insurance.

Fairway operates out of the four Canadian Atlantic provinces, as well as British Columbia. I think their primary clientele are commercial fishers, although many local recreational folks use them up here (Newfoundland) as well. Not sure if they are able to service non-Canadians, but Iíd definitely recommend them based on the service and policy we got.

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Re: Boat insurance - happy story

Interesting that in Canada 2 mil is standard liability. To go that high in US I'd have to add an umbrella policy on. (and we're not underinsured at all by US standards). Never understood that as we seem to be much more litigious down here. :-)
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Re: Boat insurance - happy story

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Interesting that in Canada 2 mil is standard liability. To go that high in US I'd have to add an umbrella policy on. (and we're not underinsured at all by US standards). Never understood that as we seem to be much more litigious down here. :-)
This continues to confuse me as well. The USA is indeed more litigious. Lawsuits are more common, and settlements seem higher. Yet despite the constant demand that everyone must have insurance, the American default standard of $300,000 is laughably low.

I too donít get it.

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Re: Boat insurance - happy story

Fairway dropped me when I moved the Canadian boat to the USA. They were OK with me cruising in the USA, just not staying in the USA. I was happy with them in Canada.

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Re: Boat insurance - happy story

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Fairway dropped me when I moved the Canadian boat to the USA. They were OK with me cruising in the USA, just not staying in the USA. I was happy with them in Canada.
Thanks Howard. Good to know. Iíll have to keep that in mind if/when we head south. Not going to happen for a few years though ó Lewistporte bound this year!

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Re: Boat insurance - happy story

When we brought our boat from Ontario to British Columbia, our broker dropped us because their insurers 'couldn't insure customers in another province'. We purchased insurance through a Vancouver based broker when we arrived here. The insurer is a company based in Cambridge Ontario, less than 50 miles from where we used to live.
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Re: Boat insurance - happy story

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When we brought our boat from Ontario to British Columbia, our broker dropped us because their insurers 'couldn't insure customers in another province'. We purchased insurance through a Vancouver based broker when we arrived here. The insurer is a company based in Cambridge Ontario, less than 50 miles from where we used to live.
WeirdÖ Insurance is such a black box to most of us.

Our previous broker is Ontario-based. They seemed happy to insure us here in Newfoundland, although it seemed like they were treating us as temporary visitors to the Atlantic provinces.

Fairway (our new broker) has offices in all the Atlantic provinces, as well as BC, so I assume they are happy to service Canadian west coast boaters. You might want to give them a call the next time renewal comes around. They certainly saved me a good chunk.

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Hi I'm new here I just sold my livaboard 1971 32 foot carver to by a sailboat what's the best type of insurance to get I've seen different marinas want different amounts of liability insurance most of the time I anchor but would like to go to the dock when I need to
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