How is my premium calculated?
We take a number of factors into account when calculating your premium: the type of watercraft, its age and insured value, the amount of your deductible, your boating experience and your claim history. Rest assured that we always calculate your premium as accurately as possible.
How can I find out what I’m covered for?
When your marine insurance broker requests a quote on our dedicated broker site, he or she can see a detailed summary of everything that’s covered under your policy, including the amount of your premiums. When the contract is finalized, you will receive a copy including your policy number, its coverage period and everything that’s covered […]
Can I add or remove coverage from my policy?
Yes. Our flexible policies allow you to adapt your coverage to your needs, even as they change over time. You can raise or lower your deductible, extend your navigation period, and adjust the amount of coverage for fishing and sporting equipment, emergency towing or the rental of a replacement boat in the event of a […]
How can I lower my premiums?
We give you several ways to lower your premiums: When you join Club APRIL Marine, you automatically get a 10% discount on your insurance policy along with numerous other benefits: discounts from our partners, invitations to exclusive events, fishing contests and tournaments, a free subscription to PLAISANCE Mag’ and more. • When you complete any […]
What does “deductible” mean?
The deductible is the amount that is subtracted or “deducted” from your claim payment. You can choose the amount of your deductible when you take out your insurance policy. The higher your deductible, the lower your premiums and vice versa. The amount for each coverage is specified in your insurance contract.
What does “agreed value” mean?
This is the amount that you and the insurer have agreed your watercraft is worth. In the event of a total loss, this is the amount you will receive for a jet ski that’s less than 10 years old, and for a boat that’s less than 10 or 20 years old, depending on your policy. […]
What does “actual cash value” mean?
This is the amount it would cost to replace your watercraft with a similar one in the same condition. In the event of a total loss, the amount you receive will be equal to watercraft’s market value on the day of the loss for a jet ski that’s more than 10 years old, and for […]
I’m planning on modifying my boat. Do I need to inform APRIL Marine?
Before making any changes or modifications to your boat, inform your insurance broker to ensure your boat is properly covered. Our insurance covers certain types of modifications, such as adding a trolling motor or a trimmer. Any modifications that increase the boat’s speed or performance are not covered.
Am I covered if I navigate in the U.S.?
Our boat insurance covers a vast navigation area. You are covered anywhere in Canada and in the northern U.S. states.
Am I covered if I hit a rock in the water?
Yes, if you have chosen all-risk coverage.
Am I covered for animal-related damage?
Yes, if you have chosen all-risk coverage. This includes damage caused by rodents or an infestation of zebra mussels.