Knowing you have the right coverage will let you adventure out on your boat and maximize the fun factor!

The Advantage of a Pacific Marine Insurance Policy

Boat insurance is unique, so trust the experts with your valuable boat asset. Cruise worry-free with Pacific Marine Underwriting Managers Ltd. Our brokers and clients are #tiedtosecurity with PMU.

Marine Insurance Coverage vs. Home Insurance Coverage

Many boaters decide to insure their boat under their home insurance policy, however, a specialized marine insurance policy will cover many of the exclusions and limitations related to your watercraft on your homeowners policy. The following are a few reasons why it is better to obtain a boat insurance policy from a broker who has marine experience and understands the complexities of boat insurance:

Protection and Indemnity: a marine policy will have robust P & I coverage for boat related incidents such as wreck recovery or pollution cleanup. It is unlikely a home policy will have this coverage which will then put your financial security at risk.

Agreed Value: home insurance policies may only have an actual cash value settlement, and may not cover your watercraft for the originally agreed upon value. PMU offers Agreed Value coverage for many types of boats.

Liability: boats come in a variety of sizes and horsepower. During a risk assessment evaluation of the boat and usage type, an experienced marine broker can offer a policy that has the right liability coverage. A home insurance policy will be limited in the scope of liability.

Claims Specific to Boats: Home insurance policies may not cover items such as emergency towing, vermin damage, loss of use, wreck recovery, or pollution cleanup.

Shelter your Home from a Boat Loss: Don’t put your home insurance policy at risk. If you have any home insurance discounts, even a small boat insurance claim will affect your discount, subject you to a higher deductible and even jeopardize your eligibility for home insurance.

Coverage and Claims

Shelter your home from a marine loss. Your home is a large investment as is your insurance policy to protect what you love most. Marine insurance is unique and is very different from home insurance.

  • Boat insurance requires different liability insurance and is dependent on how you use your boat and the related risks associated with your boat and where you motor.
  • Obtaining an insurance policy may require a marine survey. PMU has made this easy by providing a list of pre-qualified marine surveyors in your area.
  • Premium savings may be available depending on the age of boat, operator experience, no history of claims, and GPS tracking devices.
  • PMU Express offers an affordable premium and takes just minutes to complete.
  • Southern navigation coverage will be required if you motor or sail your vessel south of the border.
  • Additional extensions can be added if the boat is used for incidental business use or chartering.

Overall, it is more cost effective to have a marine insurance policy. Let PMU help you save money on premiums so you can put your money into your boat, fishing equipment, personal watercraft, GPS or upgrades.

Pacific Marine Underwriting Managers Ltd. has years of experience in marine insurance. We are an established and trusted leader in the boat insurance industry in Canada.

  • We are easy to do business with. We support our brokers on a daily basis to provide no hassle insurance policies at an affordable price.
  • Our primary goal is to ensure claims are processed fairly and in a timely matter. We make every effort to get boaters back on the water as quickly as possible.
  • We have an emergency claims centre operating 24/7
  • We have a network of over 1200 brokerages across Canada. You get the stability of a national company with the service of your local neighborhood broker.
  • Boaters can count on PMU’s knowledge and experience.
  • We have best in the industry Agreed Value Coverage.
  • Our staff are licensed and provide training and education for brokers.
  • Our proprietary online express boat quoting system allows brokers to quote, bind and deliver an Express policy within minutes.
  • Flexible payment options are available.
  • Resources for boat owners on our PMU blog.

Contact your trusted insurance advisor  and ask them to quote a PMU policy.  If you do not have an insurance broker, click on our find a broker tool  to connect with someone in your community.

At PMU, our goal is to get boaters back on the water as soon as possible.

  • Our broker network works with selected pre-qualified independent marine claims adjusters and professional marine surveyors.
  • We offer 24/7 claims service, nationwide
  • PMU approved adjusters are reputable, hand-picked by PMU and have thorough knowledge of your local waters.
  • Our adjusters specialize in marine claims so you can be assured of the best possible outcome for your claim.

During regular business hours please call your insurance broker.

After business hours, please call the appropriate 24/7 claim center below:

British Columbia & Alberta
Coast Claims Service Ltd
Claim Call Centre (24hr): 1-866-694-3111

Saskatchewan, Manitoba, & Ontario
Coast Claims Service Ltd
Claim Call Centre (24hr): 1-866-694-3111

Services D’Ajusteurs M. Brown Ltée.
tél: (514) 483-6411
fax: (514) 483-2687
Toll Free: 1-888-974-4974 ext 4 (24/7 Emergency line)
Or: 514-671-8000 ext 100 (24/7 Emergency line)

To make the claim process efficient the following information will help expedite the claim process.

  1. What is the claim for?
  2. What happened?
  3. What vessel is involved?
  4. Where did the loss occur?
  5. When did the loss occur?
  6. In case of theft, have you filed a police report?
  7. Insurance policy number.

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Useful Links

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Obtain a Condition and Valuation Survey, commonly known as a marine survey. Our pre-approved surveyors will help you get the correct survey for your insurance requirements.

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