Boat insurance in Magog and Lake Memphremagog — 2026

The average premium in the region ranges from $380 to $1,800/year depending on size, engine, and value. A 20-22 foot pontoon costs about $520 – $780, a 16-foot fishing boat $340 – $520, a 30-foot sailboat $650 – $1,200. Request your free quote to know your exact price.

No provincial law requires it. However, marinas, yacht clubs, and recreational ports in the area all require a minimum liability of $1 million before granting a mooring or access to a ramp.

We shop with 20+ specialized marine insurers: Intact Marine, Beneva, La Capitale, SSQ, Aviva, Economical, Northbridge, Wawanesa, Markel, plus Lloyd’s and Marine Underwriters programs for high-end vessels.

Yes, most of our policies automatically cover adjacent Canadian and U.S. waters. For frequent use in the United States (Lake Champlain, Great Lakes bays), an endorsement may be recommended — your insurance broker will advise you.

Yes, indoor or outdoor storage under a tarp. Covers theft, vandalism, fire, and damage caused by snow weight. Damage from engine freeze is excluded if winterization was not performed according to manufacturer standards.

Multi-policy home + boat (10-15%), CCEP card (5%), marine alarm / GPS tracker (3-5%), no claims for 5 years (up to 20%), secure marina (5%). Cumulative possible beyond 30%.

Call immediately at 1-866-357-4451 (24/7 service). Document with photos, obtain a police report if theft or collision, do not move the boat unless immediate danger. Emergency towing is covered up to $1,000.

Yes — and it is highly recommended. The home + boat package reduces your total premium by 10 to 15% and simplifies claims in the event of a loss affecting multiple properties.

Yes. The pleasure craft operator card has been mandatory in Canada since 2009 for any motorized boat operator. Without a CCEP, the insurer may deny a claim.

A standard recreational policy does not cover chartering (crewed rental, daily rental). A separate commercial charter policy is required — 3-5% of the insured value per year. Consult our marine business insurance.