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As for any insurance coverage, a good credit score is essential for a lower insurance premium. Check out to learn other about the factors that affect the boat insurance premium. For more information visit https://www.ona.ca/personal-insurance/watercraft-boat-insurance.
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Top Factors That Affect Watercraft & BoatInsurance Premiums
1 Credit Score
As for any insurancecoverage, a good creditscore is essential for alower insurance premium
2 Driving History
Records for both boatingand driving areconsidered whendetermining the costs ofa policy
3 Navigation Territory
You are likely to get alower insurance rate ifyou intend on taking theboat around a small localwaterbody that facesless risk
Choice of Coverage
Opting for a highdeductible will lower yourwatercraft & boatinsurance premiums
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5 Added Safety Equipment
Having extra safetydevices like radars andGps systems onboardcan help you save oninsurance costs and keepyou safe
6 Storage Location
Boats that are stored in aprotected zone orstructure like a shed areless likely to getdamaged and needrepairs
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