When the snow starts melting and the days are growing longer, that means it’s time to start thinking about boat insurance. When you hit the lake this year take more than your life vest – nothing gives you peace of mind quite like having comprehensive boat insurance. Whether you’re paddling, sailing, jet skiing, angling, or motor boating your should be insured!
Stay Safe on Alberta's Lakes
Capital Insurance Brokers offers insurance for all types of boats and watercraft, catering to the needs of Edmonton boating enthusiasts. We provide lines of coverage for:
- Personal watercraft (less than 16 feet long)
- Boats ( 16 – 25 feet long)
- Yachts (26 feet or longer)
Explore Alberta’s Lakes with Peace of Mind
No matter what type of watercraft you own, or where you plan to take it, you should always have boat insurance before you hit the water. Though boat insurance is not required by law, marinas and inland waterways will not allow you to launch without it, and homeowner’s insurance is simply not even to protect your investment. Not to mention, it will not cover any incident that takes place while your boat is in the water.
Our boat insurance covers
- Damage to boats and property, injuries, and legal fees in the event of an accident
- Loss or theft of personal possessions on the boat
- Unexpected damages (i.e. striking an underwater rock)
- Recovery costs in the event of sinking
Excellent coverage, personal service
We pride ourselves in offering affordable insurance for our clients, but it’s just one thing that sets us apart. The real difference is our team and personalized service.
Each insurance broker has a direct line, personal voicemail, and email. You can connect directly with your broker and don’t have to worry about repeating the same story twice when you call. We’re on a first-name basis with most of our clients.
Our brokers live, work, and raise our families in Edmonton and the surrounding communities. We understand the challenges Albertans face with rising insurance costs. It’s why we’re proud to have helped thousands of home and business owners save money and protect their assets since starting as small corner office in a Castledowns strip mall in 2005.
Contact us today! We can’t wait to meet you!
Boat Insurance FAQs
Boat insurance is not legally required for most recreational boats in Alberta. However, marinas, lenders, or storage facilities may require proof of insurance. Even when it’s optional, boat insurance provides valuable financial protection against accidents, theft, liability claims, and damage to your vessel.
The right boat insurance depends on the type of boat you own and how you use it. Many boat owners choose coverage for physical damage, liability, theft, vandalism, and emergency assistance. An insurance broker can recommend coverage that matches your vessel, boating habits, and budget.
Boat insurance typically covers damage to your boat caused by covered events such as collisions, fire, theft, vandalism, or severe weather. Most policies also include liability coverage if you accidentally injure someone or damage another person’s property while operating your boat. Coverage varies by policy and insurer.
Yes. Boat insurance helps protect you from the financial impact of accidents, theft, weather damage, and liability claims. Repairing or replacing a boat can be expensive, and liability costs can quickly add up if someone is injured or property is damaged. Insurance provides valuable peace of mind every time you’re on the water.
The cost of boat insurance depends on factors such as the type and value of your boat, where it is stored, how it is used, your boating experience, and the coverage you choose. Comparing quotes through an insurance broker is one of the best ways to find competitive rates.
Yes. Most boat insurance policies cover theft of your boat if it is stolen due to a covered event. Many policies may also cover permanently attached equipment and accessories. Coverage limits and exclusions vary, so it’s important to review your policy to understand exactly what is protected.
In many cases, yes. Boat insurance often covers damage caused by storms, wind, hail, or other weather-related events if they are included in your policy. Coverage depends on your insurer and policy wording, so reviewing your coverage before boating season is always a good idea.
Yes. Many insurers allow you to include your boat trailer as part of your boat insurance policy or insure it separately. Coverage may help pay for repairs or replacement if the trailer is damaged or stolen. Your broker can explain the options available for your trailer.
Yes. Many insurance companies offer discounts when you bundle your boat insurance with your home, auto, or other personal insurance policies. Bundling can simplify your coverage and may help lower your overall insurance costs. An insurance broker can compare bundle options from multiple insurers.
While liability insurance is not legally required for most recreational boats in Alberta, it is highly recommended. Liability coverage can help pay for injuries or property damage if you’re found responsible for a boating accident. It also helps protect your finances if legal action is taken against you following a covered incident.
Here's what our clients are saying about us:
“Mackenzie never fails to impress”
Capital Insurance has been a dream to work with over the past two and a half years. When I purchased my first home, Mackenzie was extremely knowledgeable and thorough in getting the right coverage for me. I appreciate him taking the time to walk through all the options and not pushing unnecessary coverage! On his suggestion, we even found a way to combine my auto coverage and save a decent amount of cash.
On top of that, Mackenzie never fails to impress when handling change requests (often within a couple hours) and with follow-up calls if there are any changes made by my insurance provider.
10/10 would recommend!
