Where, when and how far can be very important ...........

Did you know there are certain restrictions on warranties with most pleasure watercraft policies? These warranties specifically deal with where you boat (navigational limits), when you boat (lay up periods), and how far you haul your boat (land conveyance).

Navigational limits for pleasure crafts can vary considerably. Some insurers allow you to operate your watercraft anywhere within Canada and the Continental United States, while others limit the use to the Great Lakes, the inland waters of certain Provinces, and some specified waterways within the United States. Make sure you understand any navigational restrictions on your policy before you explore new waters.

Some policies include a lay up or non-use period, usually between December 1st to April 1st each year. Operating your watercraft during these dates can result in denial of coverage should a loss occur. Make sure you check your policy if you plan on using your watercraft outside the typical season.

Finally, some policies restrict how far you haul your watercraft. Although many insurance companies allow land transportation without mileage restriction within Canada and the Continental United States, others restrict this coverage to a maximum distance from the location where the watercraft is usually laid-up. If you plan on hauling your boat to a distant port, make sure you're are covered.

If you have questions about your watercraft policy, call us. Protect your investment and get the facts!

The "Boat" That Didn't Float

In 1901, the first car insured at Lloyd's was covered by a marine policy. Cars were such a novelty that specific policies did not yet exist, so the marine underwriter wrote a normal marine policy for the car on the basis that it was a ship navigating on dry land.

(Reprinted with permission of Lloyd's of London)