Boat Insurance

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Stay Protected on the Water with Boat Insurance in Edmonton

Do you own a sailboat, yacht or other type of personal watercraft? MBS offers boat insurance in Edmonton and surrounding areas to protect your investment and to ensure you are covered in the event of an accident or injury. Boating incidents can happen to anyone and you need to protect yourself, other boaters and sometimes even bystanders. You wouldn’t go on the water without a life preserver, would you? You shouldn’t be willing to go on the water without boat insurance either.

What Does a Boat Insurance Policy Typically Cover?

A policy includes coverage for liability and physical damages to your boat. However, it can be insured in a few different ways, and the types of coverage vary. Each type of unit (sailboat, yacht, etc.) has its own special kind of coverages and options available, including coverage for accessories and equipment.

Some Policies Can Be Added to Existing Policies

As an experienced insurance broker, we will review your specific needs and help you to determine what the most appropriate type of coverage is for you. Personal watercraft is loosely defined as anything less than 16 ft. long, while boats are considered 16-25 ft. long and yachts are anything over 26 ft. long.

How Do I Qualify for Boat Insurance in Edmonton?

There could be specific requirements for your boat insurance policy depending upon your age, the type of boat you want to insure, the boat’s value and its horsepower and maximum speed. Also, many insurance companies will require that you have obtained a boating license and possibly some additional certifications if you’re operating a larger watercraft. Where you intend to use the boat will also have some bearing upon what is available for coverage.

Boating Safety Tips

As your trusted insurance provider, MBS has you covered if the unthinkable happens but it’s always best to take some precautions and adhere to established safety guidelines and local laws. For your convenience, we’ve provided some helpful safety tips. You can find more information on the Transport Canada website.

Before You Leave

  • Ensure a friend or relative is aware of your float plan, including your destination and expected time of return
  • Check fluid levels and ensure there is not a heavy gas odour as that can indicate a serious problem
  • Check your lights and other electrical components
  • Make sure your radio and communications devices are functional
  • Evacuate fumes and vapors from the bilge by running blowers prior to starting the engine
  • Check the weather, have an emergency evacuation plan in place and review with passengers
  • Check the controls and review the location of flotation devices and fire extinguishers with passengers

You should always have your boat certificate and registration, towing policy paperwork, personal flotation devices and a charged and functional fire extinguisher. If you are preparing to launch for the first time of the season, a more thorough inspection is needed, including checking the battery, ventilation system, fuel filters and fuel tank. The oil should be changed and checked. If you haven’t done so already, you should complete a boat safety course.

On the Water

  • Never exceed the number of passengers that are safely allowed on your boat
  • Passengers should be seated when the boat is in motion
  • Always make sure children wear personal flotation devices and have them readily available for adults
  • Turn off the engine during loading and unloading for recreational activities such as tubing and waterskiing
  • You and your backup operator should never drink and drive
  • Monitor gauges to identify problems quickly and stay aware of your surroundings at all times

Towing & Trailer Usage

If you need to transport your vessel to the water, you should always know the towing capacity of your vehicle and follow manufacturer’s guidelines. Just like your boat, you should inspect your trailer to make sure all components are in good working condition. This includes your trailer wiring and lights, tires (including your spare), wheel bearings, rollers and bunkers. Your winch, cable and lock should be inspected to ensure proper working condition. All established safety practices should be followed when loading on the trailer, towing and launching your boat.

We’ll Help You Find the Right Boat Insurance in Edmonton

Because MBS is not a call centre, you can expect to receive personalized customer service from a dedicated broker when you contact us regarding boat insurance. Located in Edmonton, you can rest assured we know the “ins and outs” of Alberta insurance to provide you with the type of coverage that suits your needs and meets all provincial requirements.

Expect a Competitive Quote from Us within 1-2 Hours

Interested in discussing boat insurance within Edmonton with a member of our dedicated team? Contact us for insurance by phone at 780-436-7880 or via email at You can expect to receive a competitive quote back from us within 1-2 hours.