Meet the MD Marine Team!

If you have any questions or would like to proceed with your quote we invite you to call or email us today. One of our team members will be happy to assist you with any of your insurance needs.

Simply Call
877-627-4633

Sarah

Jamie

Sandra

Donna

Andrew

Jennifer

Susy

Manon

Madison

Allison

Ashley

Josée

Sylvain

Gabriella

Kaitlyn

MD Marine Insurance
174 West St. South
Orillia, ON L3V 6L4
Toll Free: 1-877-627-4633

MD Marine Insurance
5940 Macleod Trail SW, Suite 500
Calgary, AB T2H 2G4
Toll Free: 1-877-627-4633

MD Marine Insurance
1500 West Georgia, Suite 1300
Vancouver, BC V6G 2Z6
Toll Free: 1-877-627-4633
MD Marine Assurance
Québec et Région de l’Atlantique
3755E boul. Matte
Brossard, QC, J4Y 2P4
Sans frais: 1 (877) 627-4633



Frequently Asked Questions

What is Emergency Towing?

If your vessel is disabled for any reason there is coverage up to $5,000 for the cost of being towed to the nearest repair facility, having fuel delivered to you or the cost of emergency labour performed at the site of disablement. Use of the Emergency Towing coverage does not affect your insurance premiums and no deductible applies.

What does “Agreed Value” and “Actual Cash Value” mean?

Agreed Value means that the amount paid in the event of a total loss is the amount shown on your policy without any deduction for depreciation. Partial loss claims are also settled without deduction for depreciation. Actual Cash Value means that depreciation is deducted from all claims, so the amount you receive is the current market value of your boat or damaged equipment at the time of the loss.

Does an ‘all-risk’ policy cover my boat for any kind of damage?

Not always. An ‘all-risk’ policy covers accidental damage unless it is excluded on the policy (mechanical breakdown, wear and tear, etc). With any all-risk policy, you must check the exclusions to discover what is not covered. A ‘named perils’ policy covers only against damage from specific perils (fire, theft, etc).

What’s covered in the watercraft value of my policy?

The watercraft value indicated on your policy includes the machinery, equipment and electronics used to operate and maintain the watercraft. It does not include additional equipment you may have on board like downriggers, fishing tackle, trailers, etc. These additional items can be covered under separate sections of the policy.

Am I covered for hurricanes, tornadoes or windstorms?

Yes, there is no exclusion for hurricanes, tornadoes or windstorms. However, companies control their exposure to these types of claims by excluding areas that are prone to this type of weather. It is important to know the navigation limits of your policy as it will not respond to any claims that occur outside of this area. Extensions can be granted to cover the boat outside of the normal navigation area upon written request by you. Certain conditions apply.

How can I reduce my premium?

Reviewing the policy with your broker is the first step to getting the best value. They can identify any optional coverage on your policy that can be removed, which may result in a premium decrease. They can also explain the value in keeping the optional coverage, which you may not have been aware of. Another option is to choose the deductible amount that is right for you. In many cases, increasing a deductible can result in a lower premium.

Does my policy provide coverage for emergency towing?

If your vessel is disabled for any reason there is coverage up to $5,000 for the cost of being towed to the nearest repair facility, having fuel delivered to you or the cost of emergency labour performed at the site of disablement. Use of the Emergency Towing coverage does not affect your insurance premiums and no deductible applies.

Do I need a survey?

In April 2015 the rules and requirements for marine surveys were changed to the benefit of boaters all across Canada. The new guidelines state ‘All boats 20 years or older that are under 30’ in length with a current market value of under $30,000 no longer require a complete survey.’ If your boats fits within these guidelines all you need to do is email a series of out of water pictures of all sides of the boat to us – and you’re done!

If your boat is longer than 30’ or valued at more than $30,000 then a survey every five years is still a modest investment to ensure that your vessel is safe, sound and seaworthy. (Accredited marine surveyors)

If you have any questions please contact our MD Marine team at 1-877-627-4633.

How do I set up a policy?

The first step to setting up an insurance policy with MD Insurance is to obtain a no-obligation quote. This can be done online using the Quick Online Quote feature, or by calling our office toll-free at 1-877-627-4633. Once you are comfortable with the quote and coverage offered, all that is needed to activate the policy is your signature as an acceptance, confirm the effective date, serial numbers of all insured items, and finance information if applicable and annex copy of Bill of sale.

Do I need to insure my boat?

You are not required to carry boat insurance by law; however, it is a good idea to carry at least liability insurance to minimize the chance that you will be held personally liable for damage or injury to another person or their property. In the event that you are financing your boat purchase, most finance companies will require you to insure the boat before they will approve your loan.

How can I make a change to my policy?

You can make any type of change to your policy by speaking directly with a boat insurance specialist in our office by calling toll-free 1-877-627-4633. This is the preferred way to make a change as our staff members are able to inform you how the change may alter your coverage or premium, and the change can take effect immediately.

Experience, Expertise & Dedication
More Boaters Trust Us…And That Says It All






We’d love to help you get started on your boat insurance

Simply Call
877-627-4633