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Is Boat Insurance Mandatory in Ontario? Northstar Marine Insurance Inc. Responds

Barrie, ON – Northstar Marine Insurance Inc. focuses 100% of its energies on boat insurance in Ontario and it’s learned a few things along the way. For one thing, many newer boaters are unaware of the answer to one of the most frequently asked marine insurance questions: is boat insurance mandatory in Ontario?

When confronted with the number one question boaters ask, founder Jared Chartrand replied, “There’s a lot of confusion around boat insurance in Ontario because the auto market is so highly regulated.  The question we hear most often is, ‘Is boat insurance mandatory in Ontario?’  The easy answer is ‘No’, but neither is home insurance and no one thinks about living in a home that isn’t insured!’

Navigating from point A to point B is getting more and more challenging with increased lake traffic and the skill required to handle machines that are growing in power and performance.  Unfortunately, unlike auto insurance, legislation regarding marine insurance in Ontario has not kept pace with the marine industry by making boat insurance mandatory.  This puts the average boater at risk because there are a lot of Ontario boaters who do not carry boat insurance and can’t be compensated if something goes wrong.  Northstar Marine Insurance is proud to offer comprehensive boat insurance coverage to Ontario Boaters because there is coverage in place to protect policyholders if there is a claim caused by an uninsured boater.

So why don’t more Ontario boaters carry marine insurance?  According to Jared Chartrand it is often a matter of price.

“When you have someone who has just spent $30,000 on a new boat, the cost of insurance is sometimes seen as just one more thing.  I would argue that the cost of boat insurance is relatively small compared to the overall cost of owning and operating a boat and it’s the one thing that’s protecting your investment.”

Northstar Marine Insurance makes it its mandate to show Ontario boaters the value of good boat insurance coverage.  For a quick and easy online boat insurance quote please visit or call 1-866-717-9295.

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Northstar Marine Insurance Inc.
270-92 Caplan Ave, Barrie, ON, L4N 9J2
Phone 1-866-717-9295, Fax 1-866-354-7337