Insurance for recreational boats

 

Heading out on the open water involves a variety of “checks” such as checking the weather and checking if life jackets are on hand. Ensuring the right insurance is in place is another important “check.” Insurance for recreational boats provides coverage for a wide variety of scenarios including potential lawsuits which may occur because of an accident. As part of owning a recreational boat, here are four common insurance “checks” boat owners should consider.

How do I insure a commercial fishing boat?

In addition to tourism, fishing is a large industry in the Maritimes. This industry keeps commercial insurance advisors and marine experts at MCT Insurance busy.

“Our business revolves around the fisheries, we insure the fishers as well as the fish plants,” said Rose Wade, MCT commercial insurance manager. “Fish from the Maritimes are shipped all over the world. Insurance for these customers is unique; it’s whole different kettle of fish, so to speak.” 

Why you need tenant insurance

Tenant Insurance Coverage MCT

Found the perfect apartment? Booked the moving truck?

It’s exciting to find an apartment, house or townhome to rent, but don’t overlook tenant insurance. Not only does it help to protect your belongings in the event of a claim but it also covers other areas and things you are responsible for as a renter. Tenants or renters insurance is one of the most important details for any renter.

Ask a Broker: What can I expect when filing my first insurance claim?

As with any new experience, making an insurance claim for the first time can feel like unfamiliar territory. Learn how our MCT Insurance brokers help in the process and, depending on the claim you make, how it may unfold.

Should I get overland flood coverage if I live in the Maritimes?

When fresh-water sources, such as lakes and rivers, overflow onto the land from heavy rainfall or melted snow, it is called an “overland flood.” While cases of overland floods have increased across Canada, the Maritimes are more prone to them because of heavy rainfall in the region.

Since 2016, some insurance providers have started to offer overland flood coverage for home insurance policies. If you live in the Maritimes and are thinking about getting overland flood coverage, here are some things to consider.