Protect Your Passion with Specialized Boat Insurance
You don’t just own a boat; you own the freedom of the water. At MD Marine, we provide expert boat insurance tailored to the unique complexities of Canada’s diverse waterways. We handle the technical details so you can focus on the experience—giving you total peace of mind every time you head out.
Why General Boat Insurance Isn’t Enough for your Boat
Standard insurance providers often treat boats like any other vehicle. However, marine vessels face unique hazards, including fluctuating waterways, unpredictable weather patterns, and high-traffic liability concerns.
MD Marine provides specialized boat insurance. We don’t just find a policy; we engineer coverage specifically designed for:
- Your specific hull type and condition.
- Your intended use (pleasure, fishing, etc.).
- The unique geography of Canadian coastal and inland waters.
The MD Advantage: Expert Coverage You Can Trust
Don’t settle for a standard policy when you can have specialized protection. Our comprehensive boat insurance includes essential features that general providers often overlook:
Emergency Towing
If your vessel is unable to return to shore, we provide reimbursement for the costs required to get your boat back up and running, regardless of the specifics . We remove the stress of being responsible for massive towing bills out of pocket.
Loss of Use2
Get back on the water faster. We don’t want you stuck on land during the best weekends of the summer. Our policies include Loss of Use coverage, providing funds for a rental boat if your vessel is undergoing repairs following a claim.
Theft Protection3
Your boat and its gear are valuable assets that can be targets for theft. We’ve got your back, ensuring your investment is fully covered so you can enjoy the water worry-free.
Pet Coverage
Because dogs, cats and all pets are part of the family, we provide coverage if they are injured while on board.
Vermin Coverage
We cover the cost of damage caused by "unwelcome" critters that can cause significant harm to your vessel's interior.
Personal Effects
Covers any wearing apparel, sports equipment, and personal items brought on board the boat. This is secondary to your homeowners policy but the benefit is there should you require additional coverage.
Liability
Our standard liability limit is $3,000,000.00, available for all watercraft types.
Dock Links Membership4
Every MD Marine Insurance policy includes a Dock Links Membership, giving you access to exclusive discounts at marinas, restaurants, and repair shops across Canada.
Agreed Value
In the event of a total loss, you are covered for the full value of your boat with zero depreciation (up to 15 years of age).
Additional Expenses
We cover up to $1,500 in costs if your vessel is disabled, including rental cars or alternative accommodations while you are "laid up.". Reasonable costs include:
- Rental boat during the time your vessel is being replaced or repaired;
- Rental car or reasonable accommodation expenses if you are laid up;
- Any additional living expenses incurred while your vessel is being replaced or repaired.
Exceptional Claims Handling
Our claims specialists are boat insurance professionals. Because we understand that the Canadian boating season is short, we focus on getting our clients back on the water 75% faster than standard home and cottage insurers. That typically translates to 10 more boating days per season for you.
Marine Assist
Your policy automatically includes the Aviva Marine Assistance Program, offering:
- Emergency boat towing referral services
- Marine navigation and trip planning information services
- Health and legal assistance services
- Concierge boating services
Payment Options
We have several options available to our customers. Cheque, Money Order, Online Banking, Visa, MasterCard, 3 and 4 installment options as well as monthly payment plan available with a 3% surcharge.
Coverage for All Canadian Waters
From inland lakes to the rugged coastlines of British Columbia, our team understands the specific regulations and environmental risks unique to your region. Whether you are navigating the Great Lakes or the St. Lawrence Seaway, we ensure your boat insurance is as vast and varied as the Canadian landscape.
Ready to Get Back on the Water with Confidence?
Don’t leave your investment to chance. Speak with a marine specialist who understands what it takes to keep you safe and covered.