Keeping you up to date
As boaters we get it, the situation isn’t ideal as the 2020 boating season draws near. By this time, we usually see marinas getting ready and boats being unwrapped. The reality is that the world has ground to a halt and it could be a while until the waves settle. We are following all recommendations by the Government of Canada as well as Federal Health authorities to ensure we are up to date on everything from coast to coast when it comes to recreational boating.
MD Marine Insurance will continue to make every effort to ensure that the needs of you, our valued clients, are met quickly and effectively. Our physical office is temporarily closed to the public, but we are still very much up and running to help with all your boat insurance needs. Thanks to technology and our great IT team, we are able to have our entire team set up in their homes and ready to help you with any questions you might have regarding your watercraft insurance.
Answers To Frequently Asked COVID-19 Insurance Questions
Although, Aviva is reviewing the situation to determine the best approach, we do not expect to have an definitive answer until June when the impact on the 2020 boating season is a bit more clear. Any decision that may affect your insurance premium will be applied retroactively to your watercraft policy. At this time, there is nothing you need to do, however we would be happy to answer more questions, should you have them.
If you are not planning on putting your boat in the water at all this year, you may take advantage of this coverage effective your renewal date. It is important to note that this is not intended to address the COVID- 19 situation, as this reduced coverage and premium is not designed to be removed from your policy mid-term. Any premium savings you may benefit from now with this endorsement, will have to be paid back in full should you decide to put the boat in the water at all during your policy term.
Yes, as your broker it is our duty to keep you informed. We will be continuously monitoring the situation and update you through our website, social media, and via e-mail.
No. Watercraft insurance policies cover you for the entire year and cannot be put on ‘hold’. On top of having full coverage on the water, the boat is also covered for fire, theft, vandalism, weather-related damage, vermin damage, and more, while it is in storage, laid up on land, and in transportation.
Are there any accommodations on survey/photo requirements since this may not be possible to get right now?
If your boat requires either photos or a marine survey due to its age, please give us a call and we can work together to make arrangements to delay this requirement.1-877-627-4633
Aviva is understanding of the financial burden COVID-19 has put on many Canadians. As a response, they have announced that they will not be cancelling any watercraft policies for non-payment. If a monthly payment is missed, they will try to withdraw it each month, but you will not be charged an NSF (Non-Sufficient Funds) fee if it does not clear. If you are needing additional assistance with making your payments, please give us a call, and we will work together to set up a payment schedule that works for you. 1-877-627-4633
You can cancel your policy at any time, however, your policy covers you for all perils such as fire, theft, vandalism, weather-related damage, vermin damage, and more that can still happen even if your vessel remains in storage. Although watercraft insurance is not required by law, in some cases, you may be required to keep it insured. Check your marina agreement, storage agreement, and/or your purchase financing agreement for the insurance requirements before deciding to cancel your policy.
Call us as soon as possible and we can discuss extending coverage for the southern exposure 1-877-627-4633.
Yes, we can likely extend the navigation extension while your boat remains south, but you must call us to make these arrangements.
As it stands right now we are very optimistic. Three major associations have created social distancing templates for marinas and communities. Quebec marine mechanics are already back to work and both the Quebec and Ontario ministers announced that fishing season should go on as planned.
A Guide to Social Distancing when Boating
Only boat with those in your immediate household.
No beaching your boat right next to someone else.
Maintain your distance at the fuel dock - and remember to wash your hands.
No rafting up - keep your distance on the water.
No guests on your boat! This includes family members not in your immediate household or your closest boating buddies.
Go right from your house to the boat and back. No unnecessary contact with anyone