quote:
Originally posted by Boat Insurance Guy
just a few updates and tips to add to the wonderfull list of how to import a boat. I have 2 clients actively doing it this week.
You do not need to get a 10 day ICBC binder for the trailer. It only covers the damage to the trailer - get the boat insured to include the trailer. 10 day binder is $30 but only about $30-60 per year on policy. Important to get the boat insured, so why not add the trailer?
Buy newer boats, thats where the big savings are. Boats older than 15 years old will require a survey prior to insurance, and some companies will want a Canadian survey done by the end of the first year.
Your agent can provide coverage to include transit coverage, if you pick it up yourself, or have it trucked to the border. Ask the trucker for a Motor Cargo policy to prove he is a professional mover with the right coverage, and not just a guy with a truck making a few bucks. I have 4 companies that will provide transit coverage, each with slightly different rules and prices.
As of Nov 1st, 2010, you no longer go into Services Canada to register your boat for the "K" or "BC" number. You must mail it in. see info at
www.boatingsafety.gc.ca.
If you need insurance advice on any of this, or want a comparitive quote from our Marine department, I have several companies available to get you the right coverage. If your local agent can't do it, chances are I can. email me at
kerry@coronationinsurance.com or call toll free 1-800-863-0676, or GVRD 604-945-0043. See me at the Vancouver Boat Show in 2011. Cheers.