Maritime Boat Insurance

If you’ve spent time on the water in Atlantic Canada, you know accidents can happen fast. Owning a boat is fun, but without the right coverage, a single mishap could cost you everything.

At AA Munro Insurance, we work with top boat insurers offering discounts for claims-free history, Canadian Sail and Power Squadron training, Dry Dock, and higher deductibles to help you save on Nova Scotia boat insurance.

Peace of Mind Year-Round

Boat ownership is exciting, but it comes with responsibilities. Our Maritime boat policies cover a wide range of risks, including fire, theft, water damage, and liability. Optional coverage is also available for seasonal equipment, personal gear, and recreational items, giving you peace of mind all year.Here are the answers to some common questions about protecting your boat and yourself on the water:

• Is boat insurance required? Boat insurance isn’t mandatory in Nova Scotia, but without it, you’re fully responsible for damages or liability if an accident occurs. If someone is injured and you’re at fault, you could face costly lawsuits.

• Do I have replacement cost on my boat? Most policies don’t cover full replacement. Coverage is usually one of the following:

  • Agreed Value Policy: Pays the agreed-upon insured amount.

  • Actual Cash Value Policy: Pays what your boat is worth at the time of loss, factoring in depreciation and market value.

• Does my home insurance cover my boat? Most homeowners policies don’t cover boats. Some allow an add-on, but payouts are typically limited to $500–$2,000.

• Where can I use my boat? Coverage depends on your operating area. Some insurers limit policies to inland waters, while others cover coastal waters within specific boundaries. AA Munro partners with carriers that allow boating across both inland and coastal waters in North America.

• How much does boat insurance cost? Premiums vary based on your boat’s type, age, use, condition, and cruising area. We’ll help you find savings wherever possible.

Protect Your Boat with AA Munro

At AA Munro, you get more than a policy—you get peace of mind, knowing that your boat and everything on the water is protected. Let us help you enjoy boating safely, worry-free, all year round.