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Insuring your boat

Things to do boating on the canal

Insurance is a necessity for boat owners.

Boat insurance is often cheaper than car insurance, but cost varies with the age and type of boat. Specialist marine insurers and finance companies are easy to locate via the internet, adverts in the waterway press, or from your boat builder or broker.

You need third party insurance cover for at least £2,000,000. This will safeguard the owner or person in charge of the boat from claims made against you for injury or damage in the event that your boat is involved in an accident. You may also choose to take out a comprehensive policy to cover your own boat and crew.