Get agreed value coverage for your collector boat through Hagerty Canada.
Hagerty is the world's leading provider of agreed value classic boat insurance. We’ll give your customers peace of mind that their boats are protected so they can enjoy the open water without worry.
Hagerty provides insurance for many different types of boats, ranging from wooden boats to classic fibreglass boats. So, how do you know if your customer's boat qualifies for coverage through Hagerty?
Hagerty offers a program for high-quality "classic" fibreglass boats for model years 12 or older, a minimum of 18' and a minimum value of $10,000 and speeds of less than 50 KPH. The most collectible fibreglass boats are from the '50s and '60s.
Hagerty will insure nearly any type of wooden boat that is maintained and in good to excellent condition. High-quality manufactured reproductions of classic wooden boat designs are welcome and home-built or kit boats may be eligible with additional documentation. Minimum $2,500 value.
Typically range in size from 14' to 26' with an enclosed top deck and individual cockpits for seating. A minimum $2,500 hull value is required.
Typically range in size from 12' to 30' and are characterized by a large open interior. A minimum $2,500 hull value is required.
Typically range in length from 16' to 30', with a narrow, open configuration that can seat several passengers. Early versions were powered by steam, later by gas.
Typically range from 26' on up and include a head (bathroom), galley (kitchen) and can accommodate overnight stays. Cruisers made of fibreglass, wood, steel or aluminum are eligible. A minimum $10,000 hull value is required. A professional, out of water marine survey less than one year old is required.
Typically range from 12' open "day sailers" to much larger vessels with full cabin facilities. Club racing is allowed. Sailboats made of fibreglass or wood are eligible. Sailboats with full cabin facilities require a minimum hull value of $10,000 and a professional, out of water marine survey less than one year old.
Classified as non-motorized and usually built from kits, Hagerty is able to insure canoes and kayaks. Minimum premium applies.
Select examples of other hull materials such as steel or aluminum may also be considered.
If your customers suffer a covered total loss, they receive the full agreed value the boat is insured for*.
We provide your customers with coverage geared specifically to classic boats and the way they use them.
Members of most established collector boat clubs enjoy a discount.
We want your customers to enjoy their boats, so we provide coverage for U.S. and Canadian Territorial Waters.
You and your customers receive personal and direct service by people who know classic boats.
Wherever your customers' boats go, Hagerty goes with them.
Whether your customer is restoring the craft himself or using a professional facility, the Hagerty Port Risk policy can assure coverage for fire, theft, vandalism and overland transportation.
Please Note: Hagerty differs from standard insurance in that we don't have a price for every single situation. We determine eligibility for our program after evaluating the accumulation of all the risk exposures related to our guidelines.
Hagerty requires that the owner have a minimum of three years operating experience with a boat of comparable size and type.
Not more than one prior boating loss in three years.
All operators must have five or more years of driving experience and not more than two minor violations in three years; no major violations in five years.
Limited to a maximum of two owners. It is permissible to write coverage in the name of an LLC or DBA provided: it is a personal entity for tax purposes; the insured is the principal operator; and the boat is used only for private pleasure purposes.
If Hagerty does accommodate a live-aboard situation, the owner must have a minimum of five years of experience living aboard another boat of similar size and type.
For vessels kept afloat, the policy address must be within the same province or 150 miles of the boat location address.
Current, good quality and clear photographs are required for all boats. Photos should include all sides of the boat, the interior and the engine.
Hagerty will provide you with an application that must be completed and signed by both you and your customer.
Only required for boats where the requested value is out of sync with current market value.
Hagerty accepts all major credit card payments over the phone.
*Any salvage value if boat is retained by your customer will be subtracted from the total amount paid.
Some coverage not available in all provinces. This is only a general description of coverage. All coverage is subject to policy provisions, exclusions and endorsements.
Hagerty Canada, LLC policies are underwritten by Elite Insurance Company, a subsidiary of Aviva Canada Inc. Hagerty determines final risk acceptance.
Hagerty is a registered trademark of the Hagerty Group LLC, ©2019 The Hagerty Group, LLC. All Rights Reserved.