The Importance of Boat Insurance Written by Laurie Chambers on 7/18/2018 11:02 AM in Boat insurance, watercraft insurance, kawartha lakes, kawartha living, trent severn waterway, boat coverage, watercraft protection. It has 0 Comments. Boat Insurance - Getting Out On The Water Boating is a huge part of living here in the Kawartha's, being right in the middle of the Trent-Severn Waterway with access to all the beautiful lakes and rivers of central Ontario. If you are fortunate enough to own your own boat, then you know how rewarding yet costly ownership can be. Oddly enough, it is still not mandatory to insure your watercraft in Ontario; however, as much as we don't like to think about it, an active day of wakeboarding, skiing or jumping off for an afternoon bite to eat in Fenelon Falls, Bobcaygeon or Lindsay, could be the most vulnerable you ever leave yourself. Don't Leave Yourself Vulnerable The right Watercraft policy will cover you for the unfortunate situations that can turn a great day out on the water, bad... Bodily Injury Liability - Coverage for expenses incurred due to injury of your passengers on board or while getting on or off your boat, tubers/skiiers being towed, others in the water or onboard another watercraft Property Damage Liability - Coverage for expenses associated with damage to property that belongs to a third party Physical Damage Insurance - Coverage for damage, theft, or loss to property that you own; which includes both your boat as well as the trailer that you use to pull it And that's not all. There are additional coverages that go further and protect your gear: like fishing equipment, your tackle, net, rods, reels and lures. Also, we can offer you towing coverage if you ever find your boat disabled and in need of service! We can make sure you are covered for all of life's surprises. Just call us and let's talk about your Watercraft Insurance!