Said Person

Is Alan’s ski boat covered?


Insurance companies take multiple factors into account: original cost, depreciation, storage location, navigation area, driving record (oh yes) and experience in owning a boat. Exactly: being old and driving slow for a long time pays off. So the right answer is, it depends. All the more reason to deeply understand your policy before your boat stops floating. With the right Commonwell policy and independent broker, you’ll get the help you need. Are you less than sure about your insurance? We can hook you up with a really smart broker today, right here.

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Or take the rest of the Commonwell Commercial Insurance IQ Quiz here and see how you score.

TEST YOUR watercraft insurance iq

You know the joy of being on the water floats your boat, but how much do you know about watercraft insurance coverage? Now’s the time to find out. Take our Quiz.

1. How do insurance companies come up with a rate for my boat?
2. Do I have to cancel my boat insurance every winter?
3. Is it the law in Ontario that I must have boat insurance?
4. What is the difference between Actual Cash Value and Agreed Value?
5. Is my boat covered while I trailer it to and from storage?
6. Are there any secrets to reducing the cost of my marine insurance?
7. What if I want to sail or drive my boat down the coast to Florida? Is it covered?
8. What type of insurance are you looking for today? (Select all that apply)

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