Insurance in Ontario

YYZRCYYZRC Member Posts: 5,464 ✭✭✭✭✭
in General Boating Discussions
What are you guys paying/who do you recommend?  @kordo @Grahamu ?

I'm with RSA right now and just got my renewal for the 350.  $995 for $140k insured value and $2m liability.  $1400 deductible on the hull/motors and $200 deductible on electronics and my dinghy/motor.

Thanks
2006 390 EC
2008 350 EC
Georgian Bay
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Comments

  • randy56randy56 Member Posts: 4,085 ✭✭✭✭✭
    Not the same boat but I had a friend, here in FL he has a 26 ft CC Cape Horn, twin 175 , he pay's $1500 per year.
    Boat Name : 

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  • raybo3raybo3 Administrator Posts: 5,615 admin
    @YYZRC That's cheap if it were me I would jump on that one.... Just say'n
    2002 342 Fiesta Vee PC Point Of Pines YC Revere MA. popyc.org     raybo3@live.com
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  • kordokordo Member Posts: 247 ✭✭
    YYZRC, Dominion Canada $1,200 for 2011 360.
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  • YYZRCYYZRC Member Posts: 5,464 ✭✭✭✭✭
    Thanks @kordo

    This sold for near asking:
    https://www.bayshoreyachts.com/boats-for-sale/2009-rinker-360-express-midland-ontario-8033700/
    2006 390 EC
    2008 350 EC
    Georgian Bay
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  • mattiemattie Member Posts: 1,322 ✭✭✭✭
    edited March 2022
    I use Gore Mutual Marine
    $1050
    $2M liability 
    Includes C-Tow type coverage

    Also MD Marine has good quotes. From Orillia. Seen them at a lot of Ont boat shows.
    https://mdmarine.ca/

    Think my replacement value is way off the marks now with the increase in used boat prices.

    246BR, 276BR, H310BR current
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  • YYZRCYYZRC Member Posts: 5,464 ✭✭✭✭✭
    Will try them, thanks @mattie !

    The broker wants a survey to justify an increase in the value. Pain in the a$$. 
    2006 390 EC
    2008 350 EC
    Georgian Bay
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  • mattiemattie Member Posts: 1,322 ✭✭✭✭
    I may get a quote from MD tomorrow as well. 

    Looks like they only need surveys for 20 yrs +

    246BR, 276BR, H310BR current
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  • GrahamuGrahamu Member Posts: 921 ✭✭✭
    I'm also with RSA, CDN $805 for $85,000 and 2Million Liability. Deductible $800 for hull and Machinery and $200 for Electronics, Dinghy and Motor, Personal Effects.
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  • mattiemattie Member Posts: 1,322 ✭✭✭✭
    It is crazy with the inflated boat prices. If you actually had a total loss - be difficult to replace at original stated values on policies.

    I guess the total loss calculation is just a factor X per $1000 value. Whatever you are comfortable paying. Pick your weapon......$100K, $150K, $200K



    246BR, 276BR, H310BR current
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  • YYZRCYYZRC Member Posts: 5,464 ✭✭✭✭✭
    That’s exactly my concern. I could not replace my boat for $140k when the same boat a year newer with 4x the hours is going for $190k. 
    2006 390 EC
    2008 350 EC
    Georgian Bay
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  • GrahamuGrahamu Member Posts: 921 ✭✭✭
    My renewal  is in August and I will take a look at the boat's value then. My feelings are that prices will start to drop due travel restrictions being lifted and gas prices thru the roof.
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  • oscar1oscar1 Member Posts: 804 ✭✭✭
    YYZRC  are you from canada?
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  • YYZRCYYZRC Member Posts: 5,464 ✭✭✭✭✭
    Yes, in Toronto!
    2006 390 EC
    2008 350 EC
    Georgian Bay
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  • oscar1oscar1 Member Posts: 804 ✭✭✭
    I believe you were from Georgia because I saw Georgia bay in you profile. Good to know that I have boating friend everywhere around the world.
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  • YYZRCYYZRC Member Posts: 5,464 ✭✭✭✭✭
    If I was in Georgia I would have visited you by now!!
    2006 390 EC
    2008 350 EC
    Georgian Bay
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  • oscar1oscar1 Member Posts: 804 ✭✭✭
    YYZRC said:
    If I was in Georgia I would have visited you by now!!
    You are always welcome 
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