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

Basics of Boat Insurance in Alberta

Home Insurance

By Samantha Lemna | May 13, 2019

Whether you fish are into water sports or just want to have some fun with friends and family on the water a boat lets you get the most out of Alberta’s lakes. Like other major purchases it can be protected by insurance.

What does basic boat insurance cover?

Most boat insurance policies will cover damage to or theft of the boat and its equipment as well as liability coverage in case someone gets injured while on your boat. It will also generally cover damages caused by your boat to other property. The exact extent of coverage will depend on where you use your boat how you use it and the individual policy options you choose.

Another extra that is offered by some boat insurance companies is essential roadside assistance but for boats. This service offers towing valuation trip planning and concierge services regarding everything you need to know about boats.

What are the add-on coverages available for boats in Alberta?

What you need will depend on the type of boat you own what you use it for where you store it and of course your budget. Here is a list of a few of the most popular endorsements for boat insurance:

  • Additional living expenses – if you are traveling or live on your boat this covers your accommodation and other costs while you wait for your boat to be repaired after an insured event
  • Agreed value coverage – is an agreement between you and your insurance company of how much your boat is worth; this will be what you will receive if your boat is written off after an insured loss.
  • Communication and navigational equipment – if your standard policy doesn’t cover your specialized equipment this add-on will make up the difference.
  • Emergency towing – if you’re stranded on the water and need a tow back to land.
  • Increased contents – increase the amount of coverage for your personal belongings and sports equipment on your boat
  • Loss of use – if your boat is involved in an insured incident you can get a temporary rental boat (similar to getting a rental car when your car is being repaired after an accident)
  • Restoration or repair coverage – if your boat is being repaired or restored it will be protected from things like fire theft vandalism and during transportation.
  • Security equipment – if you have expensive security equipment to keep your boat safe this endorsement will ensure it’s fully protected.
  • Trailer extension – extends protection to your boat trailer offering damage and liability coverage.

Are there any exclusions for boat insurance in Alberta?

There are a few scenarios that won’t be covered by your boat insurance:

  • Damage to machinery after a breakdown
  • Loss of value due to the age of the boat
  • Theft if security devices are not present
  • Wear and tear damage
  • Willful misconduct

How much does boat insurance cost in Alberta?

The price of boat insurance is determined by a number of factors including:

  • Type of boat
  • Length of boat
  • Age of boat
  • Where the boat will be stored and used
  • Your age
  • Your experience level (number of years you’ve had a license)
  • How you will be using the boat
  • Your insurance and claims history
  • How much the boat is worth

There are also a number of discounts available:

  • Bundling – insuring your boat with the same company as your home car et cetera
  • Claims Free – if you haven’t made a claim over a certain number of years you’re eligible for a discount
  • Dry Dock – if you’re storing your boat in a dry dock
  • Training Course – completing a certified boating training course

Navigating the waters of boat insurancewith a broker is bestto ensure you’re getting the coverage you need. Our brokers work with multiple companies to find the best protection and prices for you.

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,...

Download

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.