According to the Insurance Bureau of Canada, 80 per cent of Canadians are concerned about impaired driving once cannabis is legalized. Many are also confused about the implications of legal cannabis on their insurance. Here’s what you need to know:
1) How will using or growing cannabis legally affect my home insurance or claim?
Your home insurance claim shouldn’t be affected if you grow or possess cannabis in quantities and under conditions that are permitted by law in our province. Any illegal drug operations are excluded. Disclosure is the key to ensure you’re property insured. If you’re making significant modifications to your property or you purchase special equipment to grow cannabis legally, be sure to let us know because it could affect your coverage.
2) Will using cannabis legally affect my auto insurance or auto claim?
Driving under the influence of cannabis is just as dangerous and illegal as driving under the influence of alcohol. The Canadian Criminal Code has been revised to allow roadside testing for drug concentrations. There are specific offences for exceeding the limits for drug concentration or exceeding the limits for a combination of alcohol and drug concentration. You can learn more here: (http://www.ibc.ca/on/auto/cannabis). A conviction for drug-impaired driving is comparable to a conviction for alcohol-impaired driving. Both are considered Criminal Code convictions and could affect your insurance coverage.
3) If I rent, will using or growing cannabis legally affect my insurance or claims?
Your policy and claim shouldn’t be affected if you grow or possess cannabis in quantities and under conditions that are permitted by law in NL. However, building management and landlords have the right to set different rules regarding the use and growing of cannabis so you should check with your building management / landlord to understand the rules regarding the use of cannabis in your rental.