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Top Factors That Affect Watercraft & Boat Insurance Premiums

Top Factors That Affect Watercraft & Boat Insurance Premiums?

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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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Page 1: Top Factors That Affect Watercraft & Boat Insurance Premiums?

Top Factors That Affect Watercraft & BoatInsurance Premiums

Page 2: Top Factors That Affect Watercraft & Boat Insurance Premiums?

1 Credit Score

As for any insurancecoverage, a good creditscore is essential for alower insurance premium

Page 3: Top Factors That Affect Watercraft & Boat Insurance Premiums?

2 Driving History

Records for both boatingand driving areconsidered whendetermining the costs ofa policy

Page 4: Top Factors That Affect Watercraft & Boat Insurance Premiums?

3 Navigation Territory

You are likely to get alower insurance rate ifyou intend on taking theboat around a small localwaterbody that facesless risk

Page 5: Top Factors That Affect Watercraft & Boat Insurance Premiums?

Choice of Coverage

Opting for a highdeductible will lower yourwatercraft & boatinsurance premiums

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Page 6: Top Factors That Affect Watercraft & Boat Insurance Premiums?

5 Added Safety Equipment

Having extra safetydevices like radars andGps systems onboardcan help you save oninsurance costs and keepyou safe

Page 7: Top Factors That Affect Watercraft & Boat Insurance Premiums?

6 Storage Location

Boats that are stored in aprotected zone orstructure like a shed areless likely to getdamaged and needrepairs

Page 8: Top Factors That Affect Watercraft & Boat Insurance Premiums?

Thank you!