Nearest broker: Searching for a broker nearby…
Nearest broker: , Edmonton, AB Phone: 780.755.0110 5020 Lac St Anne Trail N, Onoway, AB, T0E 1V0 Phone: 780.967.2282 , Edmonton, AB Phone: 825.467.5631 206 Pembina Rd, Sherwood Park, AB, T8H 0L8 Phone: 780-732-8616 10060 Jasper Ave, Edmonton, AB, T5J 3R8 Phone: 780-435-3632 , Calgary, AB Phone: 403-532-4882 322 Avenue C S, Saskatoon, SK, S7M 1N4 Phone: 639-398-4170 5317 50 Ave, Taber, AB, T1G 1V3 Phone: 403-223-2377 110a McLeod Ave, Spruce Grove, AB, T7X 2H8 Phone: 780-571-1144 496 Marquis Rd, Prince Albert, SK, S6V 8B3 Phone: 306-970-8080 335 Hwy Avenue N, Picture Butte, AB, T0K 1V0 Phone: 403-732-6023 2201 Box Springs Blvd NW, Medicine Hat, AB, T1C 0C8 Phone: 403-487-5132 550 Wt Hill Blvd S, Lethbridge, AB, T1J 4Z8 Phone: 403-394-1123 734 13 St N, Lethbridge, AB, T1H 2T1 Phone: 403-328-9114 5 St SE, High River, AB Phone: 403-652-4104 9904 103 St, Fort Saskatchewan, AB, T8L 2C9 Phone: 780-998-0881 201-4271 23 Ave NW, Edmonton, AB, T6L 5Z8 Phone: 780-466-2136 3908 97 St NW, Edmonton, AB, T6E 6N2 Phone: 780-465-6900 8170 50 St NW, Edmonton, AB, T6B 1E6 Phone: 780-469-9378 52 Ave, Drayton Valley, AB Phone: 780-621-1707 1331 Macleod Trail SE, Calgary, AB, T2G 0K3 Phone: 403-278-1050 1331 Macleod Trail SE, Calgary, AB, T2G 1E1 Phone: 403-255-2252 234-7 Westwinds Crescent NE, Calgary, AB, T3J 5H2 Phone: 403-775-2100 , Calgary, AB, T3K 0S8 Phone: 403-719-9995 5114 2 St, Boyle, AB, T0A 0M0 Phone: 780-689-3946 50 Ave, Bonnyville, AB Phone: 780-826-3147 12931 20 Ave, , AB, T0K 0E0 Phone: 403-562-2191 2903 Kingsview Blvd SE, Airdrie, AB, T4A 0C4 Phone: 403-945-8885

Am I covered if I lend my boat to a friend?

Home Insurance

By Viola Wallace | August 23, 2018

Even with the short boating season and summer weather calling sometimes you can’t always get out to the lake to enjoy it. So why not lend the boat to a friend for a weekend? Or maybe send it out with the kids to be used at the family cabin? But make sure you don’t forget about your insurance – are you covered in case someone gets hurt or your boat gets damaged?

I don’t have boat insurance.

If you don’t haveboat insurance you won’t be covered!

According to theInsurance Bureau of Canada boat insurance is not a legal requirement but having it can save you a lot of costs related to damage and liability due to accidents and unforeseen events. Who wants to be knocked back thousands of dollars by an unexpected incident when it could be covered by having insurance?

People often believe that their boats are automatically covered by their home insurance policy just because it is kept on their property. This is not quite true. Even when a boat is listed on a home insurance policy you need to make sure it is specific insurance that provides comprehensive coverage – damage and liability wherever your boat is.

Some insurance companies that specialize in boat insurance may offer a bundle discount if you place your boat and home insurance with them – even though they’re separate policies.

Many home insurance policies provide basic generic coverage for boats. A separate policy will cover damage to your boat and associated equipment as well as cover liability for damage to property belonging to other people and medical expenses due to an accident involving your boat.  Specialized policies generally have some unique coverage options which offer better protection for the range of activities you do with your boat.

I’m insured with boat insurance; but am I covered if I lend my boat to a friend?

As long as you’re not paying someone or being paid by someone to use your boat yourpersonal boat insurancepolicy should provide coverage. However you should pay close attention to the terms and conditions in your policy.

If you lend your boat to a friend make sure:

  • They have the appropriate boating license.
  • They aren’t running a business or other commercial transaction using your boat.
  • You’re not accepting money or paying them anything to use your boat.
  • They will remain sober when operating your boat.
  • Your boat is fully equipped with safety equipment including life jackets and a first aid kid.
  • Your friend will enforce a rule that life jackets are to be worn at all times.
  • You really trust your friend!
  • Friendships can go sour in the event of an accident even if it’s minor. Ensure they understand the safety and maintenance protocols to help make sure everyone has a great time and your boat and its passengers stay safe.

    If someone regularly operates your boat (such as a relative or good friend) you may want to considertalking to your broker. Sometimes the wordings of policies can be confusing and it may not be clear if your friend is covered or not. Give your broker a call! They’re here to help answer your questions and translate insurance jargon into regular words.

    Get A Quote From A-WIN

    Get the best insurance deals and stay on budget.

    Get A Quote

    Life Events - It's Time to Reassess Your Insurance

    Whether it’s heading off to university or deciding to start your own business,...


    Rogers Insurance and CapriCMW merge to become Acera Insurance.

    A-WIN Insurance is part of the Rogers Insurance Group.

    Click to learn more about how this merger will impact A-WIN Insurance. Our branches will remain independently owned and operated.