Feb 22, 2018

CowanWhile volunteering at the CPS-ECP booth at this year’s Toronto International Boat Show, I had the opportunity to speak with many existing CPS-ECP members and a lot of potential members as well. Being a member of CPS-ECP as well as supervising the pleasure craft insurance program at Cowan Insurance Group, I had a bit of an advantage when it came to discussing member benefits, particularly the insurance aspect.

When looking to purchase insurance for your watercraft, there are a number of things to consider when reviewing coverage. I thought it would be beneficial to share some of the more common inquiries I received here:

1. The best type of loss payout is based on an Agreed Value. This means that your boat is insured to the value you have agreed on with the insurance company, without any deduction for depreciation. Some policies are based on an Actual Cash Value basis, which takes into consideration depreciation. Unless otherwise stated, the Cowan Pleasure Craft policy is always based on an Agreed Value.

2. Insuring a boat under your home insurance policy means that you are missing some key coverage’s that would be found under a Pleasure Craft policy. This includes pollution liability (accidental discharge of fuel or oils), marine environmental damage (damage to marine habitat), and uninsured boater (injuries you incur by someone who does not have insurance).

3. Some policies have a specific lay-up period for when the boat must be on the hard. The Cowan Pleasure Craft policy does not have a specified lay-up period, meaning if the weather co-operates, you can still boat.

4. When heading south, be sure to know when you require an extension to your standard navigation area. It’s just as important to know what coverage, if any, you have for a named storm. Under the Cowan Pleasure Craft policy, you will require extended navigation when operating below 40° North Latitude on the East Coast and 47° North Latitude on the West Coast. While operating below these areas from June 1st to November 30th, coverage for named storms is excluded unless otherwise approved by our office.

Going back to the Cowan Insurance booth later that day, I was eager to promote some of the additional CPS-ECP benefits through Cowan Insurance Group. These include:

• A 15% discount our your boat insurance (you can add an additional 10% if you are claims free for three years)
• Your deductible is reduced by 10% every year you are claims free, up to a maximum of 50%
• A group discount of 10% on both your automobile and home insurance.

The 2018 Toronto International Boat Show was a great opportunity to meet new and old friends. I have committed myself to volunteer again next year at the CPS-ECP booth. Until then, see you on the water.

Craig Worsfold

Supervisor, Broker Services, Cowan Insurance Group

How to be as Polite as a Canadian at Gulf Island Marine Park Anchorages

Gulf Island Marine ParkStory and photos by Catherine Dook

One summer I sold ice cream and knick-knacks at Montague Harbour Marina. I was standing behind the counter one day, when the phone rang. “There’s a boat at anchor in the middle of the bay that’s been playing loud music for three hours,” complained an irate-sounding male voice. “Can you make them stop?”

“Um, no,” I replied. “The marina has no jurisdiction over the anchorage. Besides, my only weapon is a till.” The man hung up on me.

Now when you think about it, you can understand why the poor fellow was annoyed.

Read more about the Gulf Island Marine Park.....



Canadian Yachting Digital April 2018


Cruisers Yachts Cantius 42

Cruisers Yachts Cantius 42By John Armstrong and Andy Adams 

The latest new model from Cruisers Yacht sis the Cantius 42 and this yacht made its debut in the fall of 2017, at the Fort Lauderdale International Boat Show. We had the pleasure of going all through this newest Cantius there and clearly, the Cruisers Yachts people continue to refine and expand on all the features that have made the Cantius line such a success.

The new 42 continues the Cantius family resemblance with handsome and distinctive lines including a big section of hull side glazing port and starboard that makes the full-beam mid-ship master stateroom feel very bright and open.

Read more about the Cruisers Yachts Cantius 42...