For many Ontarians, opening the cottage is one of the best parts of summer. After months of winter, it’s finally time to uncover the patio furniture, launch the boat, and enjoy weekends by the lake.
While you’re checking off your seasonal maintenance list, it’s also a great opportunity to review your insurance. Many cottage owners are surprised to learn that it’s not just the building itself that may need coverage.
Here are five things that are often overlooked – and worth discussing with your insurance broker before cottage season is in full swing.
1. Your Dock
Whether it’s the hub for fishing, swimming or simply enjoying your morning coffee, your dock is an important part of your cottage property.
Depending on your policy, coverage for docks can vary based on factors such as whether it’s seasonal or permanent, its value, and how it’s attached to your property.
If you’ve recently replaced or upgraded your dock, it’s worth making sure your insurance reflects those changes.
2. Boats and Watercraft
Many cottage owners assume their boat is automatically covered under their cottage or home insurance policy – but that’s not always the case.
Coverage can vary depending on the type of watercraft, its value and how it’s used.
It’s a good time to review coverage for items such as:
- Fishing boats
- Pontoon boats
- Personal watercraft
- Canoes and kayaks
- Stand-up paddleboards
If you’ve added a new watercraft since last summer, let your broker know so they can help ensure it’s properly protected.
3. Sheds, Bunkies and Other Detached Structures
The cottage is often just one part of the property. Many seasonal properties also include:
- Storage sheds
- Detached garages
- Workshops
- Guest cabins or bunkies
- Gazebos
These structures can add significant value to your property and may need to be considered when reviewing your insurance coverage.
If you’ve added or renovated any detached buildings, it’s worth mentioning them during your next policy review.
4. Recreational Equipment
One of the best parts of cottage life is getting outside and making the most of the season. From paddleboards to fishing gear, recreational equipment can represent a significant investment over time.
Consider whether your policy adequately reflects items such as:
- Paddleboards
- Bicycles
- ATVs
- Golf Carts
- Fishing equipment
- E-bikes
- Outdoor furniture
Taking inventory of your belongings can also make future policy reviews – and potential claims – much easier.
5. Renovations and Improvements
Cottages often evolve over the years. Maybe you’ve built a new deck, renovated a kitchen, installed a hot tub or updated the roof. While these improvements make your property more enjoyable, they can also change its replacement value.
Keeping your broker informed about major renovations helps ensure your insurance continues to reflect your property’s current value and features.
Bonus Tip: Thinking about Renting Your Cottage?
If you’re planning to rent your cottage to friends, family or through a short-term rental platform, it’s important to have a conversation with your insurance broker first.
Short-term rentals can affect your insurance needs, and not every policy automatically provides coverage for that type of use.
A quick conversation before welcoming guests can help you better understand your options and avoid unexpected surprises.
Enjoy Cottage Season with Confidence
Summer at the cottage is all about slowing down, spending time with family and friends, and making lasting memories.
Taking a few minutes to review your insurance coverage before the season gets underway ca help ensure your policy reflects how you use your property today.
Whether you’ve owned your cottage for years or are enjoying your first summer at the lake, the team at McFarlan Rowlands is always here to answer your questions and help you protect what matters most.