Marine Insurance

Our Marine Options

Whether you use your boat for personal use, regatta racing or even charters, SeaFirst has a marine insurance policy for you. We understand your boat is more than just a pleasure craft, it’s an expensive investment with its own unique risks. Our flexible boat insurance takes the worry out of boating, giving you more freedom to enjoy your time on the water. And with seven convenient locations across Greater Victoria and the Gulf Islands, we can meet your needs quickly and at competitive prices.

Features of our Marine Policies

Important! Do not operate your vessel without a CPS Pleasure Craft Operator Card (PCOC) and remember… Boat safe!

  • Most policies are sold on an “agreed value basis” which means the amount of coverage is agreed to at the beginning of the policy, and that amount will be paid out in the event of a total loss
  • Policy coverages are comprehensive, which means there are very few exclusions
  • For new boats, we can offer full replacement cost coverage
  • Coverage for the contents of you boat, e.g. your personal belongings
  • Protection and Indemnity Coverage (similar to third party liability) up to $2,000,000
  • Includes coverage for uninsured and/or underinsured boater protection
  • Coverage for racing sailboats, including sails and running gear
  • Emergency towing expenses due to mechanical failure or if you run out of fuel
  • Coverage available for boathouses
  • Loss of use coverage, you may be able to rent a substitute yacht while yours is being repaired after a claim
  • Local claims adjusting and claims examination
  • 24 hour 365 days claims service, help is always available when you need it
  • Year round policies to ensure your boat is protected in the off season
  • Discounts for boating education, boating experience, higher deductibles, and claims free history