List of boat insurance companies in Canada

Here’s a curated list of 30 marine / boat insurance providers in Canada (including insurers, specialist brokers and underwriters) that you might consider for your boating activities. Because you’re very gear- and performance-oriented (hydrofoils, high-performance boards), you’ll want to check each one’s coverage carefully for non-standard craft (e.g., hydrofoils, foiling boards, high-speed wake/foil boats).

#	Provider	Notes
1	MD Marine Insurance	Specialist boat insurance across Canada; runabouts, pontoons, PWC, etc.
2	Portside Marine Insurance	Covers boats, PWC, yachts in Alberta, BC, Manitoba, Ontario, Saskatchewan.
3	Aviva Canada (“NauticLife”)	Major insurer; offers boat & watercraft insurance across Canada with options like navigational extension.
4	Intact Insurance	Provides boat insurance and watercraft coverage in Canada.
5	Cowan Insurance Group	Offers one of the largest boat/pleasure craft programs in Canada; high-performance boats included.
6	Gallagher Skippers’ Plan	Specialist marine/boat broker in Canada, 70+ years, covers many types of vessels.
7	Safe Harbour Insurance	Ontario-born, 50+ years of boat insurance experience; offices in BC/AB/Quebec.
8	RBC Insurance	Big-name insurer; covers boats, PWC, house-boats; highlights eligibility rules.
9	Pacific Marine Underwriting Managers	Pleasure craft underwriter for Canada; offers yacht policies, agreed value, etc. Pacific Marine Underwriting Managers Ltd
10	Orbit Insurance Services	Brokerage specialising in boat & marine insurance in Canada. orbitinsuranceservices.ca
11	The Co‑operators	Canadian multi-product insurer; among firms offering marine/boat coverage.
12	MYCOR Insurance Solutions	Full-service brokerage with marine insurance capability.
13	Sovereign Insurance	Canadian insurer listed in marine insurance listings.
14	Brokers Trust Insurance Group	Offers specialty watercraft insurance in Canada (liability, theft, etc).
15	Travelers Canada	Major insurer; listed in marine insurance company lists in Canada.
16	Wawanesa Insurance	Canadian mutual insurer; while not purely marine-specialist, included in marine insurer listings.
17	Allstate Insurance Company (Canada)	Offers boat/marine insurance among other personal lines.
18	Northbridge Financial	Part of large Canadian insurance grouping; marine capabilities (via parent) listed.
19	Zurich Canada	Large global insurer with Canadian operations; in marine insurance listings.
20	Liberty Mutual Canada	Another large insurer visible in marine insurance provider lists.
21	AXIS Capital Canada	Specialty/specialty-market insurer mentioned in marine insurance lists.
22	Crum & Forster Canada	Specialty insurer listed under marine insurance companies.
23	AmTrust Financial Canada	Specialty carrier which can serve niche risks including marine.
24	QBE Canada	International insurer with Canadian presence; included in marine insurance lists.
25	RLI Canada	Specialty carrier with niche marine/recreational craft programmes (listed).
26	Pacific Indemnity Underwriters	Underwriter specializing in niche marine/pleasure craft (from marine lists).
27	Marsh Canada	Global broker with marine and yacht insurance services in Canada.
28	Aon Canada	Another major broker; marine/boat coverage among services.
29	Willis Towers Watson Canada	Brokerage with marine insurance practice in Canada.
30	Beneva	Canadian mutual insurer with broad lines; potential for boat insurance via property/casualty arm.

Tips for using this list:

Specialty brokers/underwriters (items 1–10) may give better tailored coverage for high-performance craft, foils, kiters, etc.
Large general insurers (items 11–20+) may have more limitations on non-standard craft or require special underwriting.
Global or brokerage firms (items 21–30) may handle “hard-to-place” risks (e.g., yachts, cruising south, high-performance gear) but often require higher premiums or surveys.
Given your interest in hydrofoils / high-performance boards / gear-heavy setups, you’ll want to ask each insurer/broker:
- “Does the policy explicitly cover hydrofoil boards or foil-mounted craft?”
- “Is high-speed wake/foil/foiling boat use included or excluded?”
- “What are the navigational limits (can I go south into U.S. or Caribbean)?”
- “Does the equipment/gear on board (boards, hydrofoils, foils, kite gear) get separately covered or by extension?”
- “What is the deductible / loss-of-use / trailer coverage / storage off-season coverage / haul-out protection for winter storage?”

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