Catamaran and trimaran insurance in Quebec — comprehensive multihull coverage

For a 40-foot sailing catamaran valued at $300,000, expect to pay around $1,400 to $2,600/year in coastal waters. A similarly sized motor catamaran costs more ($2,200 – $4,000) due to the value of the two engines.

Yes. Recreational trimarans (Corsair 31, Dragonfly 32, Neel 43) are insured like catamarans. Racing trimarans (ORMA, MOD70) require a specialized racing policy — we work with Lloyd’s programs for this segment.

Under an all-risk policy, yes — mainsail, jibs, gennakers, spinnakers are covered against accidental tearing, theft, and storm. Normal wear and progressive UV damage remain excluded.

Yes, with a “Caribbean navigation” endorsement (approximately 20-30% surcharge). Your policy must explicitly cover cyclone zones — check the “territory” section and hurricane exclusion dates (June to November).

Yes, on land or under a tarp. Covers theft, vandalism, fire, snow damage, and collapse. Excluded if you do not winterize the engines according to standards.

Most insurers require RYA Yachtmaster certification, Offshore Cruising or equivalent, plus 500 documented hours at the helm of multihulls. Without experience, a professional skipper may be required for the first 3 trips.

Insured value × risk coefficient (hull type, year, engine) × geographic zone modifier × experience modifier. Recent catamarans (2020+) with an experienced skipper receive the best premiums.

Yes, accidental grounding (course error, unmarked reef) is covered. Voluntary grounding (for maintenance, for example) or due to gross negligence (alcohol, faulty chart) is excluded.

Only with a commercial charter policy — very different from a recreational policy. We underwrite charters through specialized Lloyd’s programs (approximately 3-5% of the insured value per year).

For trailerable sport cats (Stiletto, folding Corsair), yes via trailer endorsement. For larger units, the towing trailer is used by the yard and covered by its own commercial insurance.