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Boat insurance

You’ve found the boat of your dreams, and you can already see yourself enjoying your summer on the water. Now you need to find the right insurance coverage. Whether it’s a yacht or cruiser, sailboat, pontoon, jet boat, ski boat or personal watercraft, our primary objective is your safety. This means behaving responsibly, and protecting your boat.

Don’t hesitate to contact your broker for answers to all your questions about boat insurance.

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514 634-7115

Protection for all types of boats

No matter what type of boat you have, we recommend that you protect your boat with insurance tailored to your situation. You’ll be covered, so you can enjoy your activities with peace of mind.

Cruiser insurance

You want to be able to enjoy your pleasure craft in the knowledge that it is well protected. Find out everything you need to know about cruiser insurance.

Fishing boat insurance

Fishing days are synonymous with silence and tranquillity. To ensure that nothing spoils these moments that belong to you, take the time to assess your fishing boat insurance needs.

Sailboat insurance

Protect your sailboat with the right insurance. Depending on your needs: emergency towing, sail protection, medical expenses and accidental death. To make an informed decision, it’s best to know all your coverage options from the outset.

Wakeboard boat insurance

Protect your wakeboard boat and equipment with our specialized insurance. Peace-of-mind sailing, complete coverage for carefree nautical adventures.

Don’t see your type of boat? Contact us to find out how we can get you the right insurance!

Money-saving tips

Insurance blog - Malouin assurance

18-hour navigation course

When talking to your Malouin broker, don’t hesitate to mention whether you have taken a navigation course of 18 hours or more given by the Maritime Institute.

Are you a good driver?

Depending on your choice of insurer, you may benefit from a lower deductible if you have a good record and no damage to your boat.

Boat insurance

The various types of protection available

Talk to a broker today to find out which coverage is right for you.

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Civil liability

The third-party liability policy will cover any bodily injury or property damage caused to a third party in the event of an incident.

Purchase financing

Bear in mind that if you are financing the purchase of your boat, the creditor will undoubtedly require liability insurance. He will also require you to insure the material asset.

“approved value

This policy protects your boat at a value agreed between you and your insurer. There will be no depreciation in the event of total loss of your boat.

“Value at date of loss

Compensation is calculated on the basis of the cost of repair or replacement, less depreciation on the object or part.

Theft, vandalism and fire

Would you prefer to take out comprehensive insurance? This covers incidents such as theft or vandalism. In any case, make sure you know what the exclusions are so you can make an informed decision.


Before deciding whether to insure your boat with your homeowner’s policy, check whether it covers collision. This isn’t always the case, and you may want to take out boat insurance to make sure you’re well protected.

Equipment and accessories

Protect your equipment and accessories such as your trailer, motor, sonar and more. Following an accident, you’ll benefit from a settlement based on replacement value. No deductible applies.

Loss of use guarantee

If you lose the use of your boat in the event of a claim, we offer you the rental of a replacement boat up to the amount specified in the conditions of your contract, so you don’t have to miss the season!

General questions


Is boat insurance compulsory?

In theory, boat insurance is not compulsory. However, it’s a good idea to at least take out liability insurance. What’s more, in the event of financing, the creditor will usually demand it.

Is it better to take out boat insurance than to add my boat to my home insurance?

You can cover your boat with your home insurance, even if it’s a vehicle. But take the time to understand what’s involved. In fact, in this case, it is mainly civil liability that is covered. Sometimes fire, collision or theft can also be covered. But anything to do with marine assistance or towing at sea, for example, will not be covered. Depending on your needs, you may want to take out boat insurance.

Beyond a certain number of steam horses and boat length, you’ll have no choice but to insure your boat separately. Contact us to find out more!

I'm planning to make some modifications to my boat. What should I do?

For any changes you plan to make, you must first inform your insurance broker. This ensures that you always have the right protection for your boat. What’s more, your insurance may cover certain types of modifications!

Am I covered if I sail outside Canada?

Usually, navigation is covered for inland and coastal waters (up to 100 nautical miles) of Canada and the United States located between the 52nd and 40th degrees north latitude, i.e. :

  • the Ottawa River,
  • lakes and rivers between Quebec and Ontario,
  • the St. Lawrence River,
  • New Brunswick’s inland waters,
  • the inland waters of Vermont, Maine, New Hampshire, Connecticut and Rhode Island as far as New York (Hudson River and harbor excluded).

The west coast of Canada and the United States, west of 120 degrees west longitude, is also included. For other destinations, you will probably need to request an extension to the territorial limits of your insurance coverage.

Am I covered if I sail in Florida?

If you’re sailing in Florida, you’ll need to take out adequate insurance, as “Canadian” insurance covers navigation on inland and coastal waters (up to 100 nautical miles) in Canada and the U.S. located between the 52nd and 40th degrees north latitude.

The west coast of Canada and the United States, west of 120 degrees west longitude, is also included. For other destinations, you will probably need to request an extension to the territorial limits of your insurance coverage.

Don’t hesitate to contact a Malouin insurance broker to make sure you’re fully covered.


We work with the best suppliers.

How do you find your way around all the insurance companies? We’re here to advise you and find the protection you need. The best insurance coverage for your situation. That’s what brokers do, and we do it rigorously.

Simply excellent service!

Annabelle Perras

Professional and efficient brokers!

Michel Bédard

Request for quotation

We’ll get back to you as soon as possible.

Our brokers will be happy to process your quote request to your complete satisfaction. They will then contact you as soon as possible to give you the best advice.




514 634-7115